Panasonic Completes Acquisition of Blue Yonder

Panasonic has announced that it has completed the acquisition of Blue Yonder, an end-to-end digital fulfillment platform provider.

Panasonic has purchased the remaining 80% of shares of Blue Yonder, adding to the 20% which it had acquired in July, 2020. The investment values Blue Yonder at USD 8.5 billion. Since Panasonic’s announcement to acquire all shares on April 23, 2021, the acquisition has reportedly, completed antitrust clearance procedures and received approval of regulatory authorities in the U.S. and other countries. The acquisition accelerates Panasonic’s and Blue Yonder’s shared vision for an Autonomous Supply Chain. By unifying Panasonic’s sensing technologies and edge devices with Blue Yonder’s AI/ML-powered planning, execution and commerce solutions, the companies aim to create smarter and more connected e-commerce strategies, retail stores, warehouses, transportation and workplaces. Reports suggest that the Panasonic Group will shift to a holding company system on April 1, 2022, focussing on strategic businesses in key areas such as providing supply chain innovation and automation. The Blue Yonder brand will be retained and the business will function within the Panasonic Connected Solutions Company. Blue Yonder CEO Girish Rishi and the entire leadership team will remain with the company.