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The amendment to VusionGroup’s contract with Walmart sets the stage for continued digital transformation of the retailer’s U.S. stores.
April 30, 2024 – VusionGroup (VU – FR0010282822) today announced a new amendment to the framework contract with Walmart U.S. for accelerated deployment of EdgeSense and VusionCloud solutions.
In parallel with the accelerated deployment, the contract includes a functional extension to the software solution, which will improve merchandising, inventory management and e-Commerce order preparation processes.
The order intake of around €1 billion corresponding to this signature will be included in the next quarters figures. VusionGroup is confident in its growth plans for 2025. Based on the company’s anticipated growth in revenues, Walmart will have the opportunity to begin vesting its warrants voted on June 2, 2023, by the VusionGroup Annual General Meeting.
Philippe Bottine, CEO Americas & Group Deputy CEO of VusionGroup: “We are very proud to accelerate the on-going deployment at Walmart US, and therefore the digitalization of their stores, made possible at scale by EdgeSense, VusionCloud and VusionOX, our Bluetooth-based IoT operating system. This is a major step toward our Vusion ’27 ambition, and a formidable new recognition of the impact made by our technologies as well as our teams.”
