Walmart and Symbotic announced a deal Tuesday that would find the Massachusetts robotics firm taking control of the mega-retailer’s automation business.

Key Takeaways Symbotic and Walmart announced a pair of new deals Thursday that will see the robotics company and retail giant expand their partnership.Symbotic will buy Walmart's Advanced Systems and Robotics business for $200 million.

Symbotic Inc. (NASDAQ:SYM) shares traded higher premarkets on Thursday after the company disclosed a deal to acquire Walmart Inc.‘s (NYSE:WMT) Advanced Systems and Robotics business. The acquisition’s total consideration is $200 million in cash and Symbotic will pay Walmart up to $350 million in additional contingent consideration in future periods dependent upon the quantity of APD systems ordered.

Technology company Symbotic has struck a deal to expand its partnership with Walmart, taking on a $520 million program to develop an automated delivery platform for Walmart stores while also agreeing to buy the retail giant’s advanced systems and robotics business.

Symbotic's shares jumped about 14% on Thursday after the automation firm said it would buy Walmart's robotics business for $200 million as part of an agreement to expand the retailer's automated supply chain.

Mass. firm had previously built automation for Walmart warehouses, and will now make micro-fulfillment centers for its retail stores, too.

AI tech company Symbotic Inc. will acquire Walmart’s robotics business for $200 million, the automation firm announced Wednesday.

Symbotic Inc., a leader in automation and artificial intelligence-enabled robotics, announced a significant deal to acquire Walmart's Advanced Systems and Robotics business for $200 million. The agreement,

Symbotic surged on Thursday after saying it has agreed to buy Walmart’s Advanced Systems and Robotics business for $200m.