
Logistics software firm WiseTech Global WTC.AX on Monday reported a $2.1 billion acquisition of U.S. cloud computing firm E2open ETWO.N
Morningstar sees the deal as "opportunistic" amid ETWO's declining share price and WTC's aim to consolidate the freight-forwarding software sector, and blocking competitors from purchasing ETWO
Brokerage highlights WTC's vision as a global trade and logistics OS provider, but notes it could be a "multidecade journey" given past unsuccessful integration efforts by both firms
Jefferies, however, says the deal can help WTC broaden its market and address early-stage supply chain capabilities
WTC down 13.5% YTD as of last close