Walmart to acquire robotic e-grocery fulfillment company Alert Innovation

TAGS

American multinational retailer has signed an agreement to acquire e-grocery fulfillment automation solutions provider for an undisclosed price.

Specializing in robotic e-grocery fulfillment, Alert Innovation provides solutions that are aimed at transforming how retailers operate and people shop.

The robotic e-grocery fulfillment company has been a partner of Walmart since 2016, providing customized technology for the retailer’s market fulfillment centers (MFCs).

Alert Innovation commenced piloting the Alphabot System in Walmart’s first MFC in Salem, New Hampshire in 2019.

See also  Zydus Lifesciences gets FDA tentative approval for Gabapentin Tablets

The Alphabot System is an automated fulfillment solution that utilizes omnidirectional robots in a temperature-controlled system for fresh, efficient, and high-quality grocery fulfillment.

Walmart to acquire e-grocery fulfillment automation solutions provider Alert Innovation

Walmart to acquire e-grocery fulfillment automation solutions provider Alert Innovation. Photo courtesy of Alert Innovation, Inc.

— Alert Innovation Founder and Executive Chairman, said: “I am proud that Alert Innovation is one of the most innovative and capable automation companies in operation today. Our mission to improve people’s lives through innovation will now be dedicated to Walmart customers and associates which is an inspiring undertaking.”

See also  Wipro Q4 FY2023 net income remains flat at ₹30.9bn

The e-grocery fulfillment automation solutions provider has also designed Novastore, a store concept utilizing the Alphabot System, to deliver a dynamic and efficient shopping experience.

Based in the Boston area, Alert Innovation will continue to operate under its brand following the completion of the acquisition.

— Walmart U.S. Senior Vice President of Innovation and Automation said: “We are committed to exceeding customer expectations and serving them in new ways, whether it’s in a store, curbside, or at their home. Bringing the best of Alert’s technology and capabilities in-house will enable us to reach more customers quicker by deploying MFCs with greater speed, providing both an unmatched shopping experience and a competitive advantage in omnichannel fulfillment.”


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This