Tech
Australia’s WiseTech agrees to buy E2open for $2.1 billion
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Australian software company WiseTech Global on Monday announced its biggest deal to date, buying out U.S. cloud computing firm E2open for $2.1 billion to broaden its product offerings.
The deal, which will be fully funded through a new $3 billion debt facility underwritten by a syndicate of nine lenders including Deutsche Bank and HSBC, marks a significant bet by WiseTech on expanding its global footprint.
WiseTech, known for its flagship CargoWise platform, is offering $3.30 per E2open share – a 24.5% premium to the U.S. company’s last closing…
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