Panasonic to buy AI logistics firm Blue Yonder: TOKYO: Panasonic will buy American AI supply chain software application company Blue Yonder for $7.1 billion, the Japanese company said Friday.
The offer will make Blue Yonder a completely owned subsidiary of the Japanese electronic devices gigantic, which has actually held 20 percent of the United States company’s shares given that July in 2014.
Following regulative authorization, the offer will certainly be among the biggest purchases in Panasonic’s background.
Blue Yonder has more than 3,000 customers worldwide, including multinationals Walmart and also Coca Cola as well as airlines as well as carriers such as FedEx.
“The need for more intelligent, independent and edge-aware supply chains has been considerably increased by the Covid-19 pandemic,” Panasonic stated in a declaration, citing “radical shifts in supply demand” due to infection lockdowns.
The company said the merging would certainly enable it to gain know-how in “state-of-the-art” artificial intelligence innovation, and also would certainly function to reduce waste in supply chains.
It likewise commended the “versatile, nimble company culture” of Arizona-headquartered Blue Yonder, which was developed in 2005.