Warburg Pincus invests $75m in Blue Yonder

The fresh capital will enable Blue Yonder to invest in global expansion in response to the emergence of the Internet of Things – whereby products gather data and make use of remote connectivity – within the industrial sector. It currently has operations in the UK and Germany.

The data business has recently expanded its product offering into the industrial and transport sectors through contracts with Lufthansa, Bosch and Eurotunnel.

Warburg Pincus closed its Frankfurt office earlier this year, following a decision to manage German investments from its London headquarters. The move saw its managing director of Germany, Lars Singbatl, leave the company to pursue other opportunities.

Company
Founded in 2008 as a joint venture between Otto Group and scientist Michael Feindt, Blue Yonder is a Karlsruhe-headquartered provider of data and predictive analytics. The company currently has additional offices in Hamburg and London. Its clients include Next, Eat, Eurotunnel, Bosch and Lufthansa.

People
Joseph Schull is managing director at Warburg Pincus. Uwe Weiss is CEO of Blue Yonder.

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• Topics
• Expansion
• Technology
• DACH
• Warburg Pincus
• Germany