US EditionAfter Moving to DFW, E2open to Be Bought for $2.1 Billion
- On Monday, WiseTech Global, a Sydney-based firm specializing in logistics software, revealed a $2.1 billion agreement to acquire the U.S. cloud computing company E2open.
- The acquisition follows internal challenges including the CEO's October 2024 resignation amid personal scandals and a resulting share price drop.
- WiseTech plans to finance the acquisition with a $3 billion syndicated loan arranged by a group of both domestic and international banks, such as Deutsche Bank and HSBC, as part of its strategy to enhance its software portfolio.
- The offer of $3.30 per E2open share represents a 24.5% premium, and E2open’s platform connects over 500,000 partners across 20 countries, processing 18 billion transactions annually.
- This acquisition positions WiseTech to broaden its global supply chain software capabilities and advance its goal to become the operating system for trade and logistics.
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Australia’s WiseTech Global acquires U.S. cloud firm E2open for $2.1 billion in largest deal yet - Tech Startups
Just a few months after a messy CEO exit, WiseTech is making headlines again — this time with a $2.1 billion acquisition. The Australian software firm announced Monday that it’s buying U.S.-based cloud company E2open in what will be its […] The post Australia’s WiseTech Global acquires U.S. cloud firm E2open for $2.1 billion in largest deal yet first appeared on Tech Startups.
Australia’s WiseTech to takeover US cloud firm E2open for $2.1 billion
(Reuters) -Australian software company WiseTech Global on Monday said it will buy U.S.-based cloud logistics company E2open for $2.1 billion, including debt. Under the deal, WiseTech is offering $3.30 in cash for every E2open share. The offer reflects a 24.5% premium to the U.S. company’s last close on Friday. WiseTech said the deal would be funded through a new, fully underwritten $3 billion debt facility . The announcement comes weeks after Wi…
Australia's WiseTech agrees to buy E2open for $2.1 billion
Australian software company WiseTech Global on Monday announced its biggest deal to date, buying out U.S. cloud computing firm E2open for $2.1 billion to broaden its product offerings. The deal, which will be fully funded through a new $3 billion debt facility underwritten by a syndicate of nine lenders inclu
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