Blue Yonder Announces Binding Agreement To Acquire One Network Enterprises for Approximately $839 Million To Create Multi-Enterprise Supply Chain Ecosystem
March 29 2024 - 8:13AM
Business Wire
The deal will mark approximately $1 billion of
investments in acquisitions since Q4 2023 and positions Blue Yonder
to provide a unified end-to-end supply chain platform and
collaboration ecosystem
Blue Yonder, a leader in digital supply chain transformations,
continues its forward momentum to revolutionize the supply chain
and has today announced the signing of an agreement to acquire One
Network Enterprises (One Network) for approximately $839 million,
subject to adjustments. One Network, provider of the Digital Supply
Chain Network™, is known for its autonomous and resilience services
and is a leading global provider of intelligent control towers.
Upon completion, Blue Yonder will be well positioned to serve
customers’ needs across planning, execution, commerce, and
networks.
“Supply chains have become more complex, and as more and more
companies reduce risk by diversifying sourcing of products
globally, there is an increased demand for the sharing of
information and resources across the whole value chain. This, along
with increased disruptions and geopolitical risks, have put the
pressure on organizations to build more resilient and robust supply
chains,” said Duncan Angove, CEO, Blue Yonder. “Combined with One
Network’s capabilities, Blue Yonder will establish itself as a
leading supply chain solutions company that can offer a unified,
end-to-end supply chain ecosystem that is resilient enough to
withstand today’s challenges, and synthesized with innovative,
future-focused technologies.”
The combination of One Network’s Digital Supply Chain Network™
and Blue Yonder’s supply chain capabilities create an ecosystem
that:
- Offers real-time, multi-enterprise optimization, orchestration,
and collaboration both inside and outside an organization – across
multi-tiers from customers to carriers to suppliers to the
suppliers’ suppliers.
- Allows customers to move from the order planning phase to the
fulfillment phase instantly, eliminating the time gap that normally
occurs from entering the order to beginning the physical
fulfillment. Customers can also tap into a more complete and
actionable data set across the multi-enterprise ecosystem by
setting up alerts, benefiting from automation, and leveraging
generative artificial intelligence (AI).
- Provides real-time visibility across the supply chain, allowing
customers to take immediate action via upstream and downstream
collaboration.
- Unifies disparate data silos, enabling a holistic,
executive-level view into the entire supply chain – resulting in
the ability to automatically optimize and execute through
prescriptive real-time decision-making technology.
In addition, carriers and suppliers will be able to leverage a
range of services designed specifically for their needs, including:
advanced shipment scheduling management, telematics tracking and
predictive insights, real-time visibility to on-time delivery
trends (by site, lane, carrier, distribution center), and the
ability to manage by exception.
“Supply chains continue to be fragmented and overwhelmed with
disruptions. What’s needed is a unified platform that enables
multi-tier orchestration, planning, and collaboration that
accelerates processes with autonomous and semi-autonomous
decision-making and execution across trading partners. This is the
next step to creating a resilient and collaborative supply chain,”
said Greg Brady, chairman and founder, One Network. “Blue Yonder
offers the most complete portfolio in the industry, spanning from
planning to execution. Coupled with our network and
multi-enterprise, multi-tier platform, we’re poised to form a
backbone of this new supply chain of the future.”
By tapping into One Network’s revolutionary platform and
multi-party network, leveraged by over 150,000 trading partners,
Blue Yonder’s customers will benefit from an ecosystem that:
- Accelerates end-to-end decision-making, with increased
visibility into materials, resources, loads, routes, and
capacity.
- Offers real-time insights and predictions, enabling the ability
to take action across the supply chain ecosystem, leading to fewer
disruptions and a more resilient supply chain.
- Shares data seamlessly across the entire multi-tier supply
chain, including suppliers and carriers, allowing for streamlined
insights into potential disruptions and the ability to mitigate
risk.
- Improves supplier and carrier collaboration processes – from
order creation through scheduling and fulfillment – from days to
minutes, removing inaccuracies, reducing time, and decreasing
cost.
- Enables the journey to autonomous supply chain management
through Smart Prescriptions™, adaptive flows, and interactive
visualizations, powered by proprietary AI technology.
The closing of the transaction is subject to the satisfaction of
customary conditions precedent in transactions of this type,
including necessary regulatory approvals, and is expected to occur
in Q2 or Q3 2024. This deal is indicative of Blue Yonder's momentum
in the supply chain management space, and when completed, will mark
approximately $1 billion in M&A investments covering three
acquisitions since Q4 2023. This announcement comes on the heels of
Blue Yonder’s acquisition of flexis, offering factory planning,
sequencing, and slotting capabilities, and Doddle, offering returns
management and reverse logistics solutions.
About One Network Enterprises
One Network Enterprises (ONE) is a leading global provider of
intelligent control towers and the Digital Supply Chain Network™.
Its solutions give supply chain managers and executives end-to-end
visibility and control with one data model and one truth, from raw
material to last-mile delivery. Powered by NEO, One Network’s
machine learning and intelligent agent technology, it enables
seamless planning and execution, across inbound supply, outbound
order fulfillment, and logistics, matching demand with available
supply in real-time. Lead your industry by providing the highest
service levels and product quality at the lowest possible cost.
Visit: www.onenetwork.com
About Blue Yonder
Blue Yonder is a world leader in digital supply chain
transformation. Global retailers, manufacturers, and logistics
providers leverage Blue Yonder to optimize their supply chains from
planning through fulfillment, delivery, and returns. Blue Yonder’s
AI-embedded, interoperable supply chain solutions are connected
end-to-end via a unified platform and data cloud, enabling business
to collaborate in real time across functions, which supports more
agile decision-making, improved customer satisfaction, profitable
growth, and more resilient, sustainable supply chains. Blue Yonder
– Fulfill your Potential™ blueyonder.com
“Blue Yonder” is a trademark or registered trademark of Blue
Yonder Group, Inc. Any trade, product or service name referenced in
this document using the name “Blue Yonder” is a trademark and/or
property of Blue Yonder Group, Inc. All other company and product
names may be trademarks, registered trademarks, or service marks of
the companies with which they are associated.
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Blue Yonder Public Relations Contacts: Marina Renneke,
APR, Global Corporate Communications Sr. Director Tel: +1
480-308-3037, marina.renneke@blueyonder.com
Rossella Benti, EMEA Corporate Communications Director Tel: +39
335 7849149, rossella.benti@blueyonder.com