A leading retail and supply chain enterprise digital fulfillment platform is being purchased for $7.1 billion.
Global electronics and technology giant Panasonic, which acquired 20% of Blue Yonder in July 2020, will purchase the remaining 80% of shares for $5.6 billion. Including repayment of outstanding debt, the additional investment totals $7.1 billion, valuing Blue Yonder at $8.5 billion.
JDA Software Inc. changed its name to Blue Yonder in February 2020. JDA acquired Blue Yonder, a provider of artificial intelligence (AI) and machine learning (ML) supply chain and retail solutions, in August 2018. The company said at the time that evolving the JDA brand and name to Blue Yonder also further supported the impact of AI and ML technologies across the supply chain, logistics and retail markets.
Source: Chain Storeage