Australia’s Wisetech Global has acquired US cloud company E2Open for $2.1 billion.

Just a few months after the messy CEO came out, Wisetech made headlines again. This time it’s a $2.1 billion acquisition. The Australian software company announced Monday that it will be purchasing US cloud company E2Open.

The move is funded by a new $3 billion debt facility backed by a group of nine lenders, including Deutsche Bank and HSBC. It is clear that Wisetech is bolstering its ambitions beyond its flagship Cargowise platform.

“Wisetech Global (ASX: WTC) (“Wisetech”), the developer of leading logistics execution software Cargowise, today announced that it has concluded a binding agreement to acquire US-based E2Open Parent Holdings, Inc. (NYSE: ETWO) (“E2Open”). BELLION1 (“Trades”) – This is fully funded by the new syndicated debt facility and is subject to precedents of certain customary terms,” ​​Wisetech said in a news release.

Wisetech will bet on supply chain software with its $2.1 billion E2OPEN acquisition

The Sydney-based company offers E2Open $3.30 per share. This is a 24.5% premium over the US company’s last closing price. Wisetech’s stock responded well to the news, rising more than 5% in Sydney, with the last trading up 5.2% at $106.

“Wisetech, known for its flagship Cargowise Platform, offers $3.30 per E2Open shares, a premium of 24.5% of the US company’s last closing price,” Reuters reported.

Founded in 2000 and based in Addison, Texas, E2Open operates in more than 20 countries and operates one of the largest connected supply chain platforms in the industry. Cloud-based software links more than 500,000 partners, including manufacturers, logistics providers and distributors, into a single network that processes more than 18 billion transactions each year. This platform helps businesses manage how products are manufactured, moved and sold more efficiently.

When you buy E2Open, Wisetech becomes a wider software toolkit. The transaction adds capacity to supply chain planning, procurement, trade compliance and channel management. This is the area Wisetech is about to grow. It also helps businesses to solidify their position in enterprise logistics, increasing the distance between themselves and their smaller competitors.

“The acquisition of E2OPEN is a strategically important step to achieving our expanded vision to become a global trade and logistics operating system. This ensures that WiseTech efficiently delivers and acquires all trade and logistics stakeholders, removes complex disconnected processes, removes complex visibility, promotes visibility, promotes forecasting, exist through the head of Predetech PhilladeChead.

This acquisition is at the company’s turning point. Billionaire founder Richard White still holds a large shareholding and resigned as CEO after reports emerged about payments to former partners in October 2024, leading to investor bounce and a sharp drop in stock prices.

Meanwhile, E2Open is under pressure in itself. Questions about its growth outlook and macroeconomic headwinds place emphasis on the company.

For Wisetech, this transaction is more than just a product expansion. That’s a statement. It has warned previous acquisitions, including last year’s $414 million deal for Blume Global. It also shows that Wisetech has not retreated and is doubling.