Symbotic Acquires Veo Robotics; Says The $8.7M Transaction Closed Jul. 19
Portfolio Pulse from Benzinga Newsdesk
Symbotic has acquired Veo Robotics in a transaction valued at $8.7 million, which closed on July 19.
August 09, 2024 | 8:03 pm
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Symbotic has completed the acquisition of Veo Robotics for $8.7 million, with the transaction closing on July 19.
The acquisition of Veo Robotics by Symbotic is likely to be viewed positively by investors as it could enhance Symbotic's technological capabilities and market position. The relatively modest transaction value of $8.7 million suggests a strategic acquisition without significant financial strain.
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