Australia's Wisetech rises on $2.1 billion acquisition of E2open

ReutersMay 26, 2025 12:24 AM

Shares of WiseTech WTC.AX rise as much 5.7% to A$105.72, their highest level since February 19

Logistics software provider announces acquisition of U.S. cloud computing firm E2open ETWO.N for $2.1 billion

Says deal fully funded via new $3 billion debt facility, underwritten by nine-lender syndicate

This is co's biggest deal to date

Stock down 17.4% YTD as of last close

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