The cloud-based supply chain software provider, E2open Parent Holdings, Inc. (NYSE:ETWO), announced on May 25 its agreement to be acquired by the Australian logistics tech company WiseTech Global (ASX:WTC), in an all-cash transaction valued at $2.1 billion.WiseTech Acquires E2open Parent Holdings, Inc. (ETWO) in $2.1 Billion Software Deal

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As per the agreement between the two companies, shareholders of E2open Parent Holdings, Inc. (NYSE:ETWO) will receive $3.30 per share, a 68% premium over its stock price on April 30, the day before rumours about the acquisition emerged. It is worth noting that, on May 19, Morgan Stanley maintained an Equal-Weight rating on the stock with a $2.10 price target, while raising its bullish scenario to $4.05. The move forecasted a cautious optimism around the company’s strategic alternatives.

WiseTech, known for its CargoWise platform, has turned to a consortium of nine international banks to fund the deal through a new $3 billion debt facility. In addition to adding key capabilities in trade compliance, procurement, and channel management, the acquisition of E2open Parent Holdings, Inc. (NYSE:ETWO) comes with a network of over 500,000 partners and more than 18 billion transactions tracked annually. With its acquisition, WiseTech positions itself as an end-to-end logistics solution provider.

This largest deal to date in WiseTech’s history comes at a time when both companies are heavily scrutinized. WiseTech founder Richard White recently transitioned to executive chairman after governance-related controversies, while E2open Parent Holdings, Inc. (NYSE:ETWO) faced uncertainties arising from broader macroeconomic pressures.

The deal is expected to close in the second half of 2025 after regulatory approvals. E2open Parent Holdings, Inc. (NYSE:ETWO) will delist from the NYSE post the deal closure

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