Australian logistics software leader WiseTech Global has announced a landmark $2.1 billion acquisition of U.S.-based cloud computing company E2open, marking its largest deal to date. The move aims to significantly expand WiseTech’s global presence and enhance its enterprise software offerings across the supply chain and logistics technology sector.
WiseTech to Broaden Product Suite with E2open Acquisition
The acquisition will strengthen WiseTech’s flagship CargoWise platform by integrating E2open’s advanced solutions in:
- Supply chain planning
- Procurement
- Trade compliance
- Channel management
WiseTech is offering $3.30 per share for E2open, representing a 24.5% premium over E2open’s last closing price. The transaction will be fully funded by a $3 billion debt facility, underwritten by a syndicate of nine global lenders, including Deutsche Bank and HSBC.
Market Reacts Positively to WiseTech’s Bold Move
Shares of WiseTech (ASX: WTC) opened over 5% higher in Sydney following the news and last traded at A$106, reflecting strong investor confidence in the strategic acquisition.
This deal dwarfs WiseTech’s previous acquisitions, such as its $414 million purchase of Blume Global in 2023, and signals a deeper commitment to building an end-to-end logistics and enterprise supply chain software platform.
Leadership Shift Amid Strategic Pivots
The acquisition comes at a critical juncture for the Sydney-based tech company, following the October 2024 resignation of co-founder and former CEO Richard White. White, also WiseTech’s largest shareholder, stepped down amid media scrutiny over alleged payments to a former sexual partner. The incident caused a sharp sell-off in WiseTech’s shares, prompting the company to refocus on growth and strategic expansion.
E2open Faces Uncertainty, WiseTech Sees Opportunity
E2open, a Texas-based cloud supply chain management software company, has recently struggled with growth concerns, partly due to macroeconomic headwinds. The acquisition by WiseTech is expected to breathe new life into E2open’s offerings by leveraging global scale, financial backing, and integrated technology ecosystems.
Conclusion: WiseTech Expands Global Supply Chain Tech Reach with Bold $2.1B E2open Deal
WiseTech’s acquisition of E2open not only marks a major milestone in the company’s growth trajectory but also underscores the consolidation trend in the logistics and supply chain software industry. With expanded capabilities and a global footprint, WiseTech is positioning itself as a dominant player in enterprise-grade logistics solutions.
