WiseTech seals USD $2.1bn debt-funded e2open deal

WiseTech Global has completed its acquisition of US supply chain software group e2open in a deal valued at USD $2.1 billion on an enterprise value basis, funded through new debt facilities.

The Australian logistics software developer paid USD $3.30 per share in cash for e2open. The purchase was fully debt-funded through a previously announced syndicated debt facility.

WiseTech sells CargoWise, a software suite used by logistics service providers. E2open supplies cloud-based software for trade and supply chain operations used by large multinational companies.

Broader reach

The acquisition pushes WiseTech further beyond its historic focus on freight forwarders and third-party logistics providers. E2open's product line covers a wider range of functions used by manufacturers, brand owners, importers and exporters, alongside transport and logistics teams.

Chief executive Zubin Appoo said the deal expands WiseTech's addressable market, with limited overlap between the two product sets.

"This is a truly exciting opportunity to create real value for our shareholders and customers, as well as the trade, supply chain and logistics sector. Our team has worked on this acquisition for some time, and we're excited to have the transaction conclude."

Appoo said e2open adds products, a customer base, a cloud network and staff with experience in global trade and supply chain processes.

"E2open is a strategic acquisition of a group of valuable products, with a strong customer base, extensive cloud-based network and deeply capable people and products that enable global trade and supply chain."

Integration plans

WiseTech plans to take a phased approach to integrating e2open's products and staff. Having completed more than 55 acquisitions, it has an established process for bringing acquired software into its portfolio.

Appoo said customers should expect continued support for both product sets as the combined group finalises its plans.

"We are committed to delivering continuity of support to customers of both WiseTech and e2open. Together we have a goal to create a multi-sided and multi-tiered market where all parties can operate within a connected environment."

He also outlined a broader ambition to connect processes across international and domestic supply chains.

"Connecting every step of the international and domestic supply chain process, from order to fulfillment, from supplier to consumer, across all modes of transport and through all major customs borders and trade requirements will benefit our customers and their customers, logistics service providers, shippers, importers, exporters, and ultimately the end consumer."

WiseTech positions CargoWise as a core system for logistics execution. Adding e2open extends the combined footprint into planning and trade-related workflows upstream and downstream of freight movement, including demand and supply planning, channel management and transportation management.

E2open outlook

E2open chief executive Andrew Appel described the transaction as a milestone in the company's recent operating changes and product focus.

"This transaction marks a pivotal moment in e2open's successful transformation. Over the past few years, we've made significant progress strengthening operations, refining strategy, and expanding the value delivered to customers. I want to extend my deep appreciation to the incredible e2open team for their hard work and commitment, to our Board for their stewardship, and to our shareholders for their continued support. I am enthusiastic about e2open's future as part of WiseTech, and confident this next chapter will bring even greater opportunity and impact for our people, our customers, and global supply chains."

For WiseTech, the acquisition adds an installed base beyond freight forwarders and customs brokers, increasing exposure to large buyers and sellers managing complex international trade flows. It also brings a US-listed software business into the group, with products marketed across multiple industries.

Funding and guidance

The enterprise value cited by WiseTech includes cash paid to e2open shareholders, with adjustments for e2open's debt and cash balances. The structure leaves WiseTech with higher leverage after drawing on the new syndicated debt facility.

Further details, including financial guidance reflecting the acquisition, will be provided at WiseTech's FY25 Results Briefing on 27 August 2025.