Home Depot acquired Simpl Automation, a Massachusetts-based warehouse technology firm. The companies did not disclose the financial terms of the deal.
The acquisition aims to enhance distribution center efficiency to support same-day and next-day delivery. A pilot program in Georgia previously increased picking speeds and reduced handling times.
Home Depot will integrate automated storage and retrieval systems to improve delivery precision and employee safety. The purchase aligns with a multi-year investment strategy in supply chain infrastructure.
Home Depot shares (HD) rose approximately 3.97% following the announcement. The stock outperformed the broader retail sector during the trading session.