E2open Parent Holdings Inc. Acquisition by WiseTech Global
E2open Parent Holdings, Inc., a U.S.-based company specializing in intelligent supply chain software solutions, is set to be acquired by WiseTech Global for $3.30 per share in cash. This acquisition, valued at approximately $2.1 billion, marks a significant move in the logistics software industry. The deal was announced on May 26, 2025, and has since been a focal point in financial news.
Key Details of the Acquisition
- Acquirer: WiseTech Global, an Australian logistics software company.
- Acquisition Price: $3.30 per share in cash.
- Deal Value: Approximately $2.1 billion.
- E2open’s Role: E2open provides a cloud platform that supports over 6,000 companies with its supply chain management software.
- Headquarters: E2open is headquartered in Austin, Texas.
Market Reaction
Following the announcement, E2open shares experienced a significant increase, trading higher by 25% in the premarket session. This surge reflects investor optimism regarding the acquisition’s strategic benefits for both companies.
Strategic Implications
The acquisition is expected to enhance WiseTech Global’s product offerings by integrating E2open’s cloud-based supply chain solutions. This move aligns with WiseTech’s strategy to expand its global footprint and strengthen its position in the logistics software market.
Financial Overview of E2open
- Sector: Information Technology
- Primary Exchange: New York Stock Exchange
- Close Price (May 22, 2025): $2.57
- 52 Weeks High: $4.82 (July 30, 2024)
- 52 Weeks Low: $1.75 (April 3, 2025)
- Market Cap: $821,945,483 USD
Conclusion
The acquisition of E2open by WiseTech Global represents a strategic expansion for the Australian company, aiming to bolster its capabilities in the supply chain management sector. As the deal progresses, stakeholders will closely monitor its impact on both companies’ market positions and future growth prospects.