Acquisition of e2open investor presentation
Stock | Wisetech Global Ltd (WTC.ASX) |
---|---|
Release Time | 26 May 2025, 8:37 a.m. |
Price Sensitive | Yes |
WiseTech to acquire e2open for $1.2b
- Significantly expands WiseTech's ecosystem with a network of 500,000 connected enterprises
- Enhances WiseTech's visibility across the shipping process and complements existing solutions
- Accelerates delivery of new and innovative solutions in global trade management and container transport optimization
WiseTech Global, a leading developer and provider of software solutions to the logistics execution industry, has announced the acquisition of e2open, a leading provider of supply chain management software, for a total consideration of $1.2 billion. The acquisition is strategically significant and highly synergistic, broadening WiseTech's ecosystem with a network of 500,000 connected enterprises, including major ocean carriers, 5,600 customers, and 250+ blue-chip customers. It also expands WiseTech's total addressable market (TAM) by adding complementary product offerings, capturing 20 years of e2open's R&D and product M&A. The acquisition enhances visibility across the shipping process, complementing WiseTech's existing solutions to drive further customer benefits, including freight efficiencies. It also accelerates the delivery and take-up of new and innovative solutions in global trade management (GTM) and container transport optimization (CTO), which are key steps towards achieving WiseTech's vision of being the operating system for global trade and logistics.
e2open reported revenue of $607.7 million and adjusted EBITDA of $215.5 million for the fiscal year ended February 2025. The acquisition is expected to enhance WiseTech's organic growth capability and product knowledge and innovation.