Panasonic Accelerates the Autonomous Supply Chain with Acquisition of Blue Yonder
OSAKA, Japan–(BUSINESS WIRE)–Panasonic Corporation announced today that it has agreed to acquire Blue Yonder, the leading end-to-end, digital fulfillment platform provider. Panasonic will purchase the remaining 80% of shares (for USD5.6 billion) of Blue Yonder, adding to the 20% which Panasonic acquired in July 2020. Including repayment of outstanding debt the additional investment totals USD7.1 billion, valuing Blue Yonder at USD8.5 billion. An agreement to purchase the remaining shares of Blue Yonder was reached today between Panasonic and the existing shareholders New Mountain Capital and funds managed by Blackstone.
Acquisition Accelerates Autonomous Supply ChainTM
The need for more intelligent, autonomous and…