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Panasonic to buy U.S. supply-chain software firm Blue Yonder for $7.1 billion


Panasonic to buy U.S. supply-chain software firm Blue Yonder for $7.1 billion
04/23/2021 9:14
TOKYO (Reuters) -In its biggest acquisition in a decade, Panasonic Corp on Friday said it will buy U.S. supply-chain software company Blue Yonder in a deal worth $7.1 billion, to tap growing demand from companies as the COVID pandemic tests their resilience to disruption.
Panasonic, which bought a 20% stake in Blue Yonder for 86 billion yen ($797 million) last year, will acquire the rest of the stock from shareholders including Blackstone Group Inc and New Mountain Capital, in an agreement, including debt, that values Blue Yonder at $8.5 billion, the company said in a press release. ....

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Panasonic acquires Blue Yonder for $7.1 billion - Industry Leaders Magazine


Panasonic acquires Blue Yonder for $7.1 billion
PUBLISHED BY
acquire
$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. ....

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Panasonic to buy US supply-chain software firm Blue Yonder for $7.1 billion


TOKYO (Reuters) - In its biggest acquisition in a decade, Panasonic Corp on Friday said it will buy U.S. supply-chain software company Blue Yonder in a deal worth $7.1 billion, to tap growing demand from companies as the COVID pandemic tests their resilience to disruption.
Panasonic, which bought a 20% stake in Blue Yonder for 86 billion yen ($797 million) last year, will acquire the rest of the stock from shareholders including Blackstone Group Inc and New Mountain Capital, in an agreement, including debt, that values Blue Yonder at $8.5 billion, the company said in a press release.
The need for more intelligent, autonomous and edge-aware supply chains has been dramatically heightened by the COVID-19 pandemic, Panasonic said. ....

Japan General , Tim Kelly , Elaine Hardcastle , David Evans , Walmart Inc Starbucks Corp , Tesla Inc , Panasonic Corp On , Blackstone Group Inc , Unilever Plc , Panasonic Corp , Blue Yonder , New Mountain Capital , Sanyo Electric , Panasonic Electric Works , Industry Economics , Blue Yonder , Investment Management , Personal Products Nec , Business Support Services Nec , Restaurants Amp Bars Nec , Software Nec , Electric Alternative Vehicles , Supermarkets Amp , ஜப்பான் ஜநரல் , நேரம் கெல்லி , எலைன் ஹார்ட் கேஸில் ,

Panasonic to buy U.S. supply-chain software firm Blue Yonder for $7.1 bln


BusinessPanasonic to buy U.S. supply-chain software firm Blue Yonder for $7.1 bln
Reuters
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A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai
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In its biggest acquisition in a decade, Panasonic Corp (6752.T) on Friday said it will buy U.S. supply-chain software company Blue Yonder in a deal worth $7.1 billion, to tap growing demand from companies as the COVID pandemic tests their resilience to disruption.
Panasonic, which bought a 20% stake in Blue Yonder for 86 billion yen ($797 million) last year, will acquire the rest of the stock from shareholders including Blackstone Group Inc (BX.N) and New Mountain Capital, in an agreement, including debt, that values Blue Yonder at $8.5 billion, the company said in a press release. ....

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