To boost supply chain and IoT technology, Panasonic Corporation announced today that it has agreed to acquire Blue Yonder for approximately USD 8.5 billion. This acquisition strengthens Panasonics portfolio and accelerates the companies shared Autonomous Supply Chain mission.
- This deal helps to optimize their supply chains using the combined power of AI/ML and IoT and edge devices.
- Blue Yonder is a the leading end-to-end, digital fulfillment platform provider
Combining Panasonics strength in industrial engineering, IoT and edge technologies with Blue Yonders AI/ML-driven supply chain and commerce solutions greatly intensifies the customer value of Blue Yonders leading digital fulfillment platform.
The prominent expansions and deals by Panasonic Corporation featured below:
March 2021: To equip better for new normal, Panasonic Corporation plans to accelerate new businesses in Thailand. The business expansion includes three key initiatives- new product line of housing equipment; strengthening the air quality business; and entering into the modular construction housing in Thailand.
May 2020: The worlds leading consumer electronics company Panasonic Corporation had announced an equity investment in supply chain software provider Blue Yonder . This fresh investment builds a strong strategic relationship between the two companies, including a joint venture in Japan.
May 2020: Panasonic Corporation is pleased to announced approximately $2 million to help underwrite these efforts. COVID-19 continues to spread across the globe and consensus is growing that the pandemic will last longer than initially expected.
December 2019: Panasonic Corporation announced a plan that will expand its manufacturing footprint in India. Panasonic Life Solutions India Pvt., Ltd., the Thane, Maharashtra-based manufacturing and sales arm of Panasonic’s Life Solutions Company, will build a new factory to produce wiring devices, electrical wire and switchgear .
Panasonic Corporation, a Japanese multinational electronics corporation, it established in 1918. The company is a world leader in the development of diverse electronics technologies and solutions for customers in the consumer electronics, housing, automotive, and B2B businesses. Panasonic has more than 580 companies and a global workforce of more than 270,000. Business solutions include appliances, life solutions, automotive, industrial solutions and connected solutions.