Panasonic Closes $7.1B Blue Yonder Buy

Panasonic completed its acquisition of the 80% share of supply chain software company Blue Yonder that it didn’t buy in July 2020, said the Japanese parent company Friday. It announced the $7.1 billion transaction April 23 with the goal of using Blue Yonder to enhance its response to COVID-19-induced supply chain management disruptions. Panasonic’s U.S. subsidiary will run Blue Yonder through its connected solutions business. It will keep the Blue Yonder branding and leadership team intact, it said.