Symbotic (NASDAQ:SYM) climbs 12.1% to $30.01 in premarket trading at 6:54 AM ET after announcing a deal to acquire Walmart's (NYSE:WMT) Advanced Systems and Robotics business for $200 million, with up to $350 million in potential additional payments.
The acquisition could boost Symbotic's backlog by more than $5 billion and introduce a micro-fulfillment solution, expanding its addressable market by over $300 billion in the U.S.
Walmart and Symbotic already partner on automation, and this move aims to create an integrated automated supply chain to improve efficiency.
Symbotic's AI-enabled robotics technology has gained traction as companies look for faster, more automated distribution solutions. Walmart's robotics business provides systems for warehousing and fulfillment, complementing Symbotic's existing technology.
The deal is expected to close in Q2 2025. Investors see this as a big step in Symbotic's expansion into automated logistics, fueling strong early stock movement.
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