Panasonic Acquires the Blue Yonder Supply Chain Platform
Following a host of mixed reports earlier this year, regarding the acquisition of Scottsdale, Ariz.-based Blue Yonder (formerly JDA), a provider of AI-driven and end-to-end supply chain management service by global electronics giant Panasonic, Panasonic announced late last week that the transaction is now officially completed.
The company said it purchased the remaining 80% of shares of Blue Yonder, which it stated it would do in April, along with the 20% of Blue Yonder shares it acquired in July 2020, when it acquired a minority ownership stake and one seat on the Board of Directors of Blue Yonder, with New Mountain Capital and funds managed by Blackstone remaining majority shareholders of Blue Yonder fully committed to supporting the company’s strategic vision.
Panasonic added that this investment values Blue Yonder at $8.5 billion and that the deal has completed antitrust procedures and also received approval of regulatory authorities in the U.S. and also other countries.
