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Updates with share moves
Investing.com-- Shares of Australian Wisetech Global (ASX:WTC) jumped to a three-month high on Monday after the software firm said it will acquire U.S.-based cloud logistics provider E2open (NYSE:ETWO) in a $2.1 billion deal.
Under the deal, WiseTech will pay $3.30 per share for E2open, funding the transaction entirely through a new $3.0 billion syndicated debt facility.
The offer price reflects a 25% premium to E2open’s last close on Friday.
The deal, expected to close in the first half of 2026, has already received majority shareholder consent from E2open and is subject to regulatory approvals.
Sydney-listed WiseTech shares rose as much as 5.7% to A$105.72, their highest level since Feb. 24, 2025.
WiseTech, known for its CargoWise logistics software, said the deal would create a "multi-sided marketplace" connecting shippers, carriers, and manufacturers, while adding 500,000 enterprises to its network.
E2open’s cloud-based platform tracks over 18 billion supply chain transactions annually.
The deal is expected to be earnings accretive in the first year. The company’s FY25 guidance remains unchanged except for $40 million in one-time transaction costs.