SYDNEY: WiseTech Global, a leading logistics software developer, announced Monday it has entered into a binding agreement to acquire U.S.-based e2open, a provider of cloud-based supply chain solutions, for $2.1 billion in a deal aimed at creating a global trade and logistics marketplace.
The acquisition, expected to close in the first half of 2026 pending regulatory approvals, will be fully funded through a new syndicated debt facility. E2open shareholders holding a majority of voting power have already approved the transaction.
The deal aligns with WiseTech’s vision to become the “operating system for global trade,” combining e2open’s network of 500,000 connected enterprises with WiseTech’s CargoWise platform. The merger will expand WiseTech’s reach into domestic logistics, carrier integration and supply chain management, while adding 5,600 customers, including major ocean carriers and blue-chip shippers.
“E2open brings complementary products and expertise that will accelerate our ability to connect all trade and logistics stakeholders,” said Richard White, WiseTech’s founder and chief innovation officer.
WiseTech expects the acquisition to be earnings-per-share accretive in the first year, excluding synergies. The company will fund the transaction with a $3 billion debt facility, resulting in a pro forma net leverage ratio of 3.5 times EBITDA, with plans to reduce it below 2.0 within three years.
E2open CEO Andrew Appel called the combination a “strategic opportunity” to enhance efficiency and sustainability in global supply chains.
Both companies will operate independently until the deal closes. WiseTech’s fiscal 2025 earnings guidance remains unchanged except for $40 million in one-time transaction costs.
Bank of America, Barrenjoey/Barclays and Macquarie served as financial advisors to WiseTech.