Australian software firm WiseTech Global revealed its largest acquisition to date—a $2.1 billion deal to acquire U.S.-based cloud solutions provider E2open, aimed at expanding its range of product offerings.
The acquisition will be entirely financed through a newly secured $3 billion debt facility, backed by a consortium of nine lenders, including Deutsche Bank and HSBC. This move represents a bold step by WiseTech to strengthen its global presence.
As part of the deal, WiseTech Global is offering $3.30 per share for E2open — a 24.5% premium over the U.S. firm’s most recent closing price.
WiseTech shares opened over 5% higher in Sydney, last trading up 5.2% at A$106, reflecting investor optimism around the deal.
The acquisition will significantly boost WiseTech’s software capabilities as the company integrates E2open’s expertise in supply chain planning, procurement, trade compliance, and channel management.
The acquisition comes at a crucial time for the Sydney-based company, following a period of turbulence. In October 2024, billionaire cofounder and major shareholder Richard White stepped down as CEO after media reports alleged financial transactions involving a former sexual partner. The controversy led to heightened reputational scrutiny and triggered a sharp decline in WiseTech’s share price.
E2open has recently faced concerns about its growth outlook, driven by increasing macroeconomic uncertainty.
This latest acquisition far surpasses WiseTech’s earlier deals—such as the $414 million acquisition of Blume Global in 2023—and strategically positions the company as a more prominent player in the broader enterprise logistics and supply chain technology sector.
Andrew Appel, e2open’s Chief Executive Officer said: “E2open and WiseTech have complementary products across transport, logistics, supply and demand ecosystems, and both organizations are committed to improving the efficiency, productivity and security of global supply chains through better use of technology, data, automation and artificial intelligence. This strategic combination empowers our people, and our customers who make, move, and sell goods and services to unlock new levels of efficiency and sustainability. As the connected supply chain platform, we are excited to join forces with WiseTech to create a truly global, intelligent logistics ecosystem as we jointly lead the digital transformation of our industry.”
With this acquisition, WiseTech takes a bold step to expand its global presence and strengthen its position in the enterprise logistics and supply chain technology space. By integrating E2open’s solutions, WiseTech actively enhances its software portfolio and reinforces its commitment to driving innovation across the global supply chain.
