Osaka, Japan-based Panasonic said on Friday, April 23, that it has agreed to acquire Blue Yonder, the end-to-end digital fulfillment platform provider. The deal, which PYMNTS reported last month, comes at a time when a surge in eCommerce has boosted demand for technology to smooth the process of moving goods from suppliers to retailers to customers.
According to a news release, Panasonic is expected to purchase 80% of shares (US$5.6 billion) of Blue Yonder. When including the payment of outstanding debt, the cost increases to US$7.1 billion. Existing shareholder New Mountain Capital will purchase the remaining shares, with funds managed by Blackstone.
With the rise of eCommerce and the proliferation of data in the wake of COVID-19, there has been a greater need for more intelligent and edge-aware software supply chains.
This acquisition builds on the two companies’ existing strategic relationship, which was established in January of 2019. In November of 2019, Panasonic and Blue Yonder formed a joint venture company in Japan. This past July, Panasonic took a 20% minority ownership and one seat on the board of directors at Blue Yonder.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI