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Symbotic Acquires Fox Robotics, Betting Autonomous Forklifts Will Open Doors to New Customers
Key Takeaways
- Symbotic acquires Fox Robotics to sell autonomous forklifts to new customers
- Both companies share Walmart as a key client, which drives ~90% of Symbotic revenue
- Symbotic posted $630M Q1 revenue, up 29% year-over-year with $13M net income
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DT Editorial Team··3 min read·via therobotreport.com