Panasonic, a Japanese multinational consumer electronics corporation, completed the acquisition of a remaining 80% stake in Blue Yonder, an American software and consultancy company, from private equity firms Blackstone and New Mountain Capital, for $7.1bn. This acquisition builds on the Panasonic/Blue Yonder strategic relationship, established in January 2019 with a partnership, followed by the creation of a joint venture company in Japan in November 2019. In July 2020, Panasonic took a 20% minority ownership stake and one seat on the Board of Directors of Blue Yonder. This acquisition brings the strategic relationship full circle. "This association came about as a result of three years of working together, first with Panasonic as a Blue Yonder customer and thereafter as joint venture partner. We have developed mutual trust and have a shared vision for an Autonomous Supply Chain that delivers a better life and a better world. As the essential platform for essential times, we are relentlessly focused in fulfilling our customers’ potential," Girish Rishi, Blue Yonder CEO.