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Panasonic set to acquire US Blue Yonder for $6.5bn

Panasonic set to acquire US Blue Yonder for $6.5bn

Mubasher: Panasonic is arranging for acquiring Blue Yonder, a US software company focusing on supply chain management, in exchange for around 700 billion yen ($6.5 billion), according to Reuters citing Nikkei.

This acquisition aims to scale up hardware that includes software, sensors, and other devices, enabling companies to enhance operational efficiencies.

Negotiations reach their final stage, but this step does not indicate that two sides could reach an agreement, sources familiar with the matter remarked.

If the deal is completed, it would be the Japanese electronics firm’s biggest acquisition since 2011.

Established in 1985, Blue Yonder benefits from artificial intelligence (AI) to forecast product demand and delivery dates and improve supply chains.

In May 2020, Panasonic bought a 20% minority ownership stake in Blue Yonder for $5.5 billion to accelerate the Autonomous Supply Chain.