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2d ago

WiseTech Global Announces $2.1 Billion Acquisition of U.S. Firm E2open

The Australian logistics software leader aims to expand its global footprint and capabilities with the acquisition, pending regulatory approval by mid-2026.

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Overview

  • WiseTech Global will acquire E2open for $2.1 billion, offering $3.30 per share—a 24.5% premium to E2open's last closing price.
  • The acquisition will be financed through a $3 billion debt facility underwritten by nine lenders, including Deutsche Bank and HSBC.
  • E2open brings a network of 500,000 clients, including major ocean carriers, and operates in over 20 countries.
  • WiseTech founder Richard White, who stepped down as CEO in 2024 following personal controversies, now serves as executive chairman.
  • The acquisition aligns with WiseTech's strategy to become the 'operating system for global trade and logistics,' enhancing its software offerings in supply chain operations.