WiseTech Global announced its acquisition of U.S.-based E2open for $2.1 billion, aimed at enhancing its logistics software capabilities and expanding its market presence.

Target Information

WiseTech Global (ASX:WTC), a leading logistics execution software developer known for its CargoWise platform, has agreed to acquire E2open Parent Holdings, Inc. (NYSE:ETWO), a prominent SaaS provider in the global logistics value chain. The acquisition price is set at $3.30 per share, reflecting an enterprise value of $2.1 billion. This transaction will be entirely debt-funded through a new syndicated debt facility and is subject to customary conditions.

E2open, established in 2000 and headquartered in Addison, Texas, operates in over 20 countries and connects more than 500,000 manufacturing and logistics partners via its cloud-based platform. This interconnected supply chain network processes over 18 billion transactions annually, making E2open a vital player in transforming logistics and supply chain operations.

Industry Overview in Australia

Australia's logistics industry is evolving rapidly, propelled by advancements in technology and an increase in e-commerce. The presence of global trade networks has enhanced the need for integrated logi