Panasonic acquires Blue Yonder for $7.1 billion PUBLISHED BY
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$7.1 billion in one of the largest acquisitions for the Japanese conglomerate.
Panasonic, which already has a 20% stake in Blue Yonder, will now buy the rest of the U.S. artificial intelligence software developer from
New Mountain Capital and funds managed by
Blackstone Group Inc. for $5.6 billion, according to a statement released Friday. Blue Yonder’s acquisition includes repayment of outstanding debt.
Panasonic’s total investment in the AI firm will amount to $7.1 billion.
Panasonic Corporation Headquarters in Kadoma-shi, Osaka, Japan.
“The need for more intelligent, autonomous and edge-aware supply chains has been dramatically heightened by the COVID-19 pandemic,” Panasonic said.