Symbotic to acquire Walmart's robotics unit for $200M; $5B+ backlog potential from APD deal

Symbotic Inc.

Acquires Walmart Advanced Systems & Robotics (WASR) for $200M cash at close, plus up to $350M contingent consideration.
Walmart commits to purchase 400 APD systems, with option for 200 more; deal could add >$5B to Symbotic's future backlog.
Walmart will pay $520M in R&D fees ($230M at closing) under a development program to enhance automated pickup & delivery.
Transaction expected to close in Symbotic's fiscal Q2 2025; HSR waiting period already expired.
Adds micro-fulfillment product category, expanding U.S. addressable market by more than $300B.

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