Panasonic to invest US $ 86 billion in software company May 21 2:30
Panasonic announced that it will invest approximately 86 billion yen in an American software company that develops a system that efficiently connects factories, warehouses and sales floors.
According to the announcement, Panasonic will invest US $ 800 million in US software company Bruyonder for approximately JPY86 billion in Japanese yen and hold a 20% stake.
Bruyonder is a company that develops so-called supply chain systems that efficiently connect factories, warehouses and sales floors.
We have more than 3,300 customers around the world including Coca-Cola, a major American beverage company, Wal-Mart, a major distribution company, and BP, a major British oil company.
Panasonic aims to expand sales by incorporating products that it is good at, such as face recognition technology and sensors, into the Bruyonder system.
Panasonic is making efforts to reduce the loss-making business due to structural reforms such as the sale of the semiconductor business and the end of LCD panel production, and it is said that such a large-scale investment is the first time in about four and a half years.