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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Australia’s WiseTech agrees to buy E2open for $2.1 billion


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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