Key Points
- WiseTech Global is acquiring E2open for $2.1 billion to expand its logistics software portfolio.
- The acquisition is funded by a $3 billion debt facility backed by nine major lenders. WiseTech offers a 24.5% premium on E2open shares at $3.30 each.
- The deal adds supply chain planning, procurement, and trade compliance tools to WiseTech’s platform.
- The acquisition comes after CEO Richard White stepped down amid reputational challenges.
Australian logistics software giant WiseTech Global has announced its largest acquisition, acquiring U.S.-based cloud computing firm E2open for $2.1 billion. The move aims to expand WiseTech’s product capabilities and global reach within the logistics and supply chain technology sector.
The acquisition will be financed through a newly secured $3 billion debt facility, underwritten by a consortium of nine major lenders, including Deutsche Bank and HSBC. Under the terms of the deal, WiseTech is offering $3.30 per share for E2open, a 24.5% premium over the company’s last traded price.
WiseTech is best known for its flagship CargoWise platform, which provides end-to-end logistics software solutions. The acquisition of E2open will significantly enhance WiseTech’s software suite, adding tools for supply chain planning, procurement, trade compliance, and channel management. These capabilities are expected to position WiseTech as a stronger competitor in the global enterprise logistics space.
Shares of WiseTech responded positively to the news, opening over 5% higher and trading up 5.2% at A$106 on the Australian Securities Exchange.
The announcement also comes at a transformative moment for WiseTech. The company’s billionaire founder and largest shareholder, Richard White, stepped down as CEO in October 2024 following media scrutiny over alleged personal misconduct, which had temporarily pressured the company’s stock.
Meanwhile, E2open has been grappling with slowing growth amid global economic uncertainty, making the timing of the acquisition potentially advantageous for WiseTech.
This $2.1 billion deal far exceeds WiseTech’s previous major acquisition—the $414 million purchase of Blume Global in 2023—and signals its ambition to scale and diversify its technology offerings across the logistics and supply chain industry.
