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Panasonic has snapped up digital fulfilment platform outfit Blue Yonder. The move will mix Panasonic’s strength in industrial engineering, IoT and edge technologies with Blue Yonder’s AI/ML-driven supply chain and commerce solutions Panasonic will buy the remaining 80 percent of shares (for $5.6 billion) of Blue Yonder, adding to the 20 percent Panasonic acquired in July 2020. The additional investment totals $7.1 billion, including repayment of outstanding debt, valuing Blue Yonder at $8.5 billion. An agreement to buy the remaining shares of Blue Yonder was reached today between Panasonic and the existing shareholders New Mountain Capital and funds managed by Blackstone. The outfits say more intelligent, autonomous, and edge-aware supply chains were needed thanks to the COVID-19 pandemic, the rise of e-commerce and the proliferation of data. ....
Panasonic acquires Girish Rishi-led Blue Yonder for $7.1B sentinelassam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sentinelassam.com Daily Mail and Mail on Sunday newspapers.
3 hours ago Acquisition will combine IoT/edge and AI/ML solutions to deliver new cloud capabilities and create a more sustainable world OSAKA, Japan–(BUSINESS WIRE)–#autonomous 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. ....
Panasonic acquires Girish Rishi-led Blue Yonder for $7.1B By IANS | 2 Views Panasonic to offer manufacturing capability to select brands. Image Source: IANS News Tokyo, April 23 : Panasonic on Friday announced it has acquired supply chain and AI software provider Blue Yonder, founded in 1985 and led by CEO Girish Rishi, in a $7.1 billion deal. Panasonic said it will purchase the remaining 80 per cent of shares (for $5.6 billion) of Blue Yonder, adding to the 20 per cent which Panasonic acquired in July 2020. With this, the Blue Yonder valuation has now touched $8.5 billion. By merging the two companies, we would like to realise a world where waste is autonomously eliminated from all supply chain operations and the cycle of sustainable improvement continues, said Panasonic CEO Yuki Kusumi. ....
Panasonic Accelerates the Autonomous Supply Chain; Acquires Blue Yonder Panasonic Corporation announced 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 edge-aware supply chains has been dramatically heightened by the COVID-19 pandemic, the rise of e-commerce and the proliferation of data. This acquisition ....