TOKYO (JAPAN) – According to reports in Nikkei, US software firm Blue Yonder has been bought by Panasonic Corp for 700 billion yen ($6.45 billion) in an acquisition considered to be the Japanese electronics firm’s biggest since 2011.
While Panasonic bought 20% stakes of Blue Yonder in 2020, it is now in the final stage to acquire the rest from shareholders including Blackstone Group Inc, the Nikkei said, citing unnamed sources.
The move comes as the Japanese company aims to expand hardware that combines software, sensors and other devices to help companies improve operational efficiencies, Nikkei said.