Panasonic takes a 20% stake in Blue Yonder, extends ongoing strategic partnership

Earlier this week, global electronics giant Panasonic said it has made a 20% equity investment in Scottsdale, Ariz.-based Blue Yonder (formerly JDA), a provider of AI-driven and end-to-end supply chain management services. Panasonic made this investment through a secondary sale of shares, with Blue Yonder having an enterprise value of $5.5 billion. The companies have enjoyed a strong strategic relationship, which notably includes a Japan-based joint venture in April 2019.
Source: logistics Mgmt