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

E2open Parent Holdings

26/05/2025 01:24

** 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

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))