US EditionAustralian Billionaire’s WiseTech To Acquire U.S. Firm For $2.1 Billion
- Australian software company WiseTech announced on Monday it will acquire U.S.-based cloud logistics firm E2open for $2.1 billion in cash.
- The acquisition follows WiseTech's participation in E2open's strategic review amid macroeconomic uncertainty and the target's recent growth concerns.
- WiseTech has agreed to acquire E2open by offering $3.30 in cash for each share, representing a 24.5% increase over the company’s most recent closing price, with the transaction set to be financed through a fully underwritten $3 billion syndicated loan.
- Founder Richard White described the acquisition as "a strategically significant step" toward creating a multi-sided marketplace connecting stakeholders to improve trade and logistics efficiency.
- The deal, WiseTech's largest to date, will broaden its software offerings, expand its customer base by adding 500,000 clients, and strengthen its position in global supply chain technology.
21 Articles
21 Articles
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
Are WiseTech shares a buy after its big acquisition?
WiseTech Global Ltd (ASX: WTC) shares have been pushing higher this week. This has been driven by a positive reaction to the announcement of a major acquisition. In case you missed it, WiseTech has signed an agreement to acquire U.S.-based E2open (NYSE: ETWO) for US$2.1 billion (A$3.25 billion). The cloud-based e2open platform connects more than 500,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network …
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