Panasonic “to exit projector business”
Panasonic “to exit projector business”
According to a report by Nikkei Asia, Panasonic plans to sell its projector business to focus on its digital supply chain systems. The report states that the manufacturer will decide on a buyer for the business as early as June, with the estimated sale price being valued at ¥80 billion yen (US$510 million).
Japanese financial services group Orix is said to have shown interest as a potential buyer for the projector business, as well as at least one international investment fund. It is reported that the sale will raise funds for expanding Panasonic Connect's systems business, a priority area for growth centered on US-based developer of supply chain software, Blue Yonder which Panasonic Holdings acquired in 2021 for over $7 billion. Proceeds from the projector business sale are reported to go towards the acquisition of another supply chain software developer.