Panasonic Corporation has agreed to acquire Blue Yonder, the leading end-to-end, digital fulfilment platform provider.
Panasonic will purchase the remaining 80 percent of shares (for $5.6 billion) of Blue Yonder, adding to the 20 per cent which Panasonic acquired in July 2020.
This acquisition enhances Panasonic’s own digital transformation and customer-centric focus. Panasonic CEO Yuki Kusumi stated: “I’m extremely happy to welcome Blue Yonder and its associates to the Panasonic Group. Both companies have the same mission to support customers’ frontline operations and we have a high affinity in our corporate cultures. By merging the two companies, we would like to realize a world where waste is autonomously eliminated from all supply chain operations and the cycle of sustainable improvement continues. There are still many such losses and stagnation in supply chain operations, so through the drastic reduction of wasted labor and resources, we would like to provide better ways of working, and contribute to customers’ management reform and also to the realization of a sustainable society by carefully using limited global resources. I am confident that by combining the power of Blue Yonder and Panasonic, we can create innovation in global supply chains.”