Tag: Factory Automation Equipment

Automation firm Symbotic signs $200 mln deal to buy Walmart’s robotics unit

Symbotic said on Thursday it would buy Walmart’s robotics business for $200 million in cash to help expand the retailer’s automated supply chain, sending shares of the warehouse robotics firm up 20% in premarket trading.

Symbotic Stock Rises 29%. Here’s Why the AI-Robot Company Is Surging.

Shares of Symbotic were soaring after the AI-enabled robotics technology company turned in a strong quarter and guidance.