Blue Yonder is beefing up its position in the digital supply chain arena by snapping up One Network Enterprises for a hefty $839 million, as the Scottsdale-based software giant moves to expand its reach and capabilities. This acquisition comes amid a series of strategic investments by Blue Yonder, meant to bolster its offerings in an increasingly volatile and interconnected market.
The deal was announced on March 29, with Blue Yonder officials underscoring that merging with Dallas-based One Network's cloud platform will tighten the gap from order to fulfillment, making disruptions less of an issue for customers. "Supply chains have become more complex," Blue Yonder CEO Duncan Angove stated in a release — a sentiment echoed by the firm's vision to foster a more resilient supply chain ecosystem.
Moreover, Greg Brady, chairman and founder of One Network, hailed the combined strengths of their platforms in a statement acquired by the Phoenix Business Journal. He expressed confidence that together, they are set to construct the new supply chain of the future.
In addition to enriched service offerings, the acquisition will see Blue Yonder integrating advanced features like shipment scheduling and telematics tracking. According to information provided by Blue Yonder officials, this will enable instant order-to-fulfillment transitions with predictive insights and on-time delivery trends available to carriers and suppliers.
The finalization of the deal hinges on regulatory approval and is expected to close by the third quarter. This purchase will tip Blue Yonder's M&A investments over the $1 billion mark since the final quarter of 2023. The company has been on an acquisition spree, recently acquiring German tech provider Flexis AG and London-based Doddle. Blue Yonder, a firm with a workforce of 6,600 globally, was itself acquired by Panasonic in 2021 for $7.1 billion, and remains under the Panasonic umbrella despite past consideration of an IPO, emphasized Marina Renneke, spokeswoman for Blue Yonder, to the Business Journal.
