WiseTech confirms acquisition discussions with e2open
Key points
- WiseTech is participating in a strategic review process announced by e2open in 2024
- Discussions are indicative and there is no certainty a transaction will result
- WiseTech will continue to keep the market informed as per its disclosure obligations
Full summary
WiseTech Global has responded to media speculation about the company being in discussions to acquire US-based e2open (NYSE: ETWO). The company has confirmed that, consistent with its strategy to accelerate product development and ecosystem reach through acquisitions, it is participating in a strategic review process that was announced by e2open on 7 March 2024. WiseTech stated that discussions are indicative and there is no certainty that a transaction will result, and if a transaction does result, when or on what terms it may occur. The company reiterated that it will continue to keep the market informed in line with its continuous disclosure obligations, but does not intend to comment further on such matters.
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