WiseTech Global Limited (ASX:WTC), the Australian tech powerhouse behind the logistics software platform CargoWise, announced a game-changing strategic acquisition today — the binding agreement to acquire U.S.-based E2open Parent Holdings, Inc. (NYSE:ETWO) for an enterprise value of USD $2.1 billion. This bold move marks a defining step in WiseTech’s mission to become the operating system for global trade and logistics.
The acquisition has not only stirred excitement across the industry but has also ignited investor confidence. WiseTech’s share price surged by 5.56% on the Australian Securities Exchange (ASX), closing at $105.61, up from a previous close of $100.05. With a trading volume nearing half a million shares and a turnover exceeding $49 million, today’s session saw the stock reach as high as $106.71, reflecting strong market endorsement of the acquisition.
The Strategic Acquisition
Under the terms of the agreement, WiseTech will acquire E2open for $3.30 per share in cash, fully funded through a new $3 billion syndicated debt facility. The acquisition, which is expected to be completed in the first half of 2026 pending regulatory approvals, promises to reshape the global logistics technology landscape.
E2open, founded in 2000 and headquartered in Addison, Texas, is a prominent player in SaaS-based logistics and supply chain solutions. With a global network spanning over 500,000 connected enterprises and processing more than 18 billion transactions annually, E2open provides technology that enables the manufacturing, movement, and selling of goods worldwide. This complementary offering significantly extends WiseTech’s reach and capability.
Overview of E2open: $607.7M revenue, $215.5M adjusted EBITDA, $111.4M operating cash flow; 500k connected enterprises, 5 product groups, and ~4,000 staff driving global logistics innovation.
Richard White, Founder and Executive Chair of WiseTech, described the acquisition as “a strategically significant step in achieving our expanded vision to be the operating system for global trade and logistics.”
“E2open brings to WiseTech several well-established complementary products. This will enable WiseTech to create a multi-sided marketplace that connects all trade and logistics stakeholders to efficiently offer and acquire services, removing complex disconnected processes and driving visibility, predictability and cost savings through the value chain,” White added.
Synergies and Market Impact
This deal enables WiseTech to deepen its engagement across adjacent logistics sectors such as domestic logistics, carrier integration, global trade compliance, and supply chain orchestration. Importantly, E2open’s customer base is largely complementary, with minimal overlap — a point that amplifies the acquisition’s strategic logic.
The transaction is also expected to be EPS (earnings per share) accretive in the first year (FY25) before synergies, signifying immediate value for WiseTech shareholders. The company also reassured investors that the existing FY25 earnings guidance remains unchanged, aside from a $40 million one-off transaction cost.
E2open’s Extensive Ecosystem: A global supply chain platform connecting 500,000 enterprises across four ecosystems, enabling 18B transactions and tracking 67M containers annually
The funding structure — a mix of multiple tranches from leading domestic and international banks — allows for staggered maturity and liquidity flexibility. WiseTech anticipates a pro forma net leverage ratio of 3.5x FY25 EBITDA post-acquisition, with a clear path to reduce it below 2.0x within three years.
From a customer standpoint, the acquisition opens new frontiers. E2open’s robust network of ocean carriers, global shippers, and blue-chip clients enriches WiseTech’s ecosystem, creating an integrated platform that offers scale, efficiency, and innovation.
Market Reaction and ASX Performance
Investors responded enthusiastically to the news. On the ASX today, WTC was one of the standout performers:
- Closing Price: $105.61
- Day’s Change: +$5.56 (+5.56%)
- Volume: 477,952 shares traded
- Turnover: $49.84 million
- Market Cap: $35.34 billion
- ASX Rank: 19 out of 2,323 listed companies
- Sector Rank (Technology): 1 out of 246
This rally caps a strong recent performance for the stock. Over the past month, WiseTech shares have surged nearly 22%, despite being down 12.76% year-to-date. The one-year return now stands at +7.03%, a commendable feat in a volatile sector, though it still trails the broader technology sector and ASX 200 index slightly.
Industry Outlook and Conclusion
WiseTech’s acquisition of E2open is more than a financial maneuver — it’s a statement of intent. As global trade grapples with evolving challenges from digital transformation to geopolitical tensions and supply chain disruptions, the need for unified, intelligent logistics platforms is paramount.
This acquisition positions WiseTech not just as a service provider, but as a potential hub for a truly global, integrated logistics ecosystem. With proven integration experience, a disciplined acquisition strategy, and strong financial backing, WiseTech is charting a path toward sustained growth and innovation.
In a market increasingly driven by connectivity, efficiency, and data intelligence, WiseTech’s bold leap today has all the hallmarks of a transformative deal — one that could reshape how goods move across the world.
