Panasonic to buy US software firm Blue Yonder for US$6.5b

[TOKYO] Panasonic will buy US software firm Blue Yonder for US$6.45 billion, the Nikkei reported on Monday, saying it was the Japanese electronics firm's biggest acquisition since 2011.

While Panasonic bought 20 per cent stakes of Blue Yonder in 2020, it is now in the final stage to acquire the rest from shareholders including Blackstone Group, 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.

Panasonic could not be reached for immediate comment.

REUTERS