WiseTech Global Acquires e2open for $3.25 Billion
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In its largest acquisition to date, WiseTech Global expands its logistics
software portfolio by acquiring e2open, a Texas-based firm, for $3.25
billion.
Australian logistics software company WiseTech Global has finalized an
agreement to acquire e2open, a software firm headquartered in Texas, for
$US2.1 billion, equivalent to $3.25 billion (AUD).This marks the largest
acquisition in WiseTech’s history.
The deal, announced early monday, will see WiseTech Global purchase
e2open for $US3.30 per share. The acquisition is entirely financed
through debt from a newly formed group of both domestic and international
banks.
The acquisition is entirely financed through debt from a newly formed
group of both domestic and international banks.