Alert Innovation Signs Definitive Agreement to Be Acquired by Walmart
Alert Innovation, a market leader in e-grocery fulfillment automation, has signed a definitive agreement to be acquired by Walmart. Alert Innovation has been working with Walmart to customize technology for Walmart’s market fulfillment centers (MFCs) since 2016 and began piloting the Alphabot System in Walmart’s first MFC in Salem, New Hampshire in 2019
ANDOVER, Mass.--(BUSINESS WIRE)--Oct 6, 2022--
Alert Innovation, a market leader in e-grocery fulfillment automation, has signed a definitive agreement to be acquired by Walmart. Alert Innovation has been working with Walmart to customize technology for Walmart’s market fulfillment centers (MFCs) since 2016 and began piloting the Alphabot System in Walmart’s first MFC in Salem, New Hampshire in 2019.
“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,” said John Lert, Alert Innovation Founder and Executive Chairman.
“We will continue leveraging our development, manufacturing and deployment expertise to enable Walmart to build and scale MFC technology in its stores. With Walmart, we have the opportunity to positively impact millions of lives through the Alphabot System,” said Fritz Morgan, Alert Innovation CEO.
David Guggina, Senior Vice President of Innovation and Automation, Walmart U.S., 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.”
Alert Innovation will continue to operate under the Alert Innovation brand based in the Boston area.
About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, approximately 230 million customers and members visit more than 10,500 stores and numerous eCommerce websites under 46 banners in 24 countries. With fiscal year 2022 revenue of $573 billion, Walmart employs approximately 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting https://corporate.walmart.com, on Facebook at https://facebook.com/walmart and on Twitter at https://twitter.com/walmart.
About Alert Innovation Inc.
Alert Innovation ® is a thought leader in grocery automation, driving innovation that improves lives by transforming how retailers operate and people shop. Alert Innovation is an industry leader in robotic e-grocery fulfillment. The Alphabot ® system, designed by the Alert Innovation team is a unique automated fulfillment solution that utilizes patented omnidirectional robots in a temperature-controlled system for fresh, efficient, and high-quality grocery fulfillment. Alert Innovation also designed the Novastore™, a store concept utilizing the Alphabot system, delivering a dynamic and efficient shopping experience. www.alertinnovation.com.
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KEYWORD: NEW HAMPSHIRE MASSACHUSETTS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PUBLIC RELATIONS/INVESTOR RELATIONS COMMUNICATIONS LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT MOBILE/WIRELESS SOFTWARE OFFICE PRODUCTS RESTAURANT/BAR WINE & SPIRITS HARDWARE TOBACCO ELECTRONIC DESIGN AUTOMATION SUPERMARKET SPECIALTY CONVENIENCE STORE TECHNOLOGY CATALOG FOOD/BEVERAGE FASHION COSMETICS RETAIL HOME GOODS SUPPLY CHAIN MANAGEMENT ONLINE RETAIL LUXURY DISCOUNT/VARIETY DEPARTMENT STORES
SOURCE: Alert Innovation
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PUB: 10/06/2022 09:20 AM/DISC: 10/06/2022 09:22 AM
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