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Highlights
WiseTech Global announces its largest acquisition with the $2.1 billion purchase of U.S. cloud firm E2open.
The deal will be financed through a newly secured $3 billion debt facility backed by nine global lenders.
Acquisition aims to enhance WiseTech’s product range, especially in supply chain and trade management solutions.
Australian logistics software giant WiseTech Global (ASX:WTC) has unveiled its most substantial acquisition to date with the $2.1 billion buyout of U.S.-based cloud computing company E2open. The move is part of WiseTech’s broader strategy to expand its service offerings and global footprint in the logistics technology sector.
The acquisition, announced on Monday, will be fully funded through a $3 billion debt facility underwritten by a consortium of nine major lenders, including Deutsche Bank and HSBC. WiseTech will pay $3.30 per E2open share, representing a 24.5% premium over the U.S. firm's last closing price.
WiseTech, best known for its flagship logistics platform CargoWise, plans to integrate E2open’s capabilities to strengthen its position in supply chain management technology. The addition of E2open’s software tools will bolster WiseTech’s offerings in areas such as supply chain planning, procurement, trade compliance, and channel management.
This acquisition signals a major leap in scale for WiseTech, surpassing its previous acquisition of Blume Global in 2023, which was valued at $414 million. The deal also reflects WiseTech’s intent to push further into the U.S. market and diversify its range of logistics solutions amid increasing global demand for digital supply chain tools.
The timing of the deal is notable as it follows a period of leadership transition at WiseTech. Richard White, billionaire co-founder and the company’s largest shareholder, stepped down as chief executive in October 2024. His departure came after media scrutiny regarding alleged payments to a former sexual partner, which led to reputational concerns and a sharp drop in WiseTech's share price.
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