WiseTech Global Acquires e2open in $2.1 Billion Deal to Build End-to-End Logistics Software Giant
In one of the logistics tech sector’s biggest shake-ups of the year, WiseTech Global has announced the $2.1 billion acquisition of e2open, a U.S.-based supply chain software firm. The move ends e2open’s short-lived public run, which began via a SPAC in 2020, and marks the largest acquisition in WiseTech’s history.
Deal Overview: From SPAC IPO to Strategic Exit
The all-cash transaction values e2open at $3.30 per share, a 28.4% premium over its pre-deal closing price. Once complete, e2open will be delisted from the NYSE. The decision comes after a strategic review driven by activist investor Elliott Investment Management, which had acquired a 13% stake and pushed for restructuring.
Shareholder Premium and End of Public Listing
e2open went public via SPAC in October 2020 but has struggled with poor performance and declining investor confidence. Shares, once trading above $14.50 in mid-2021, dropped to a low of $1.75 in April 2025. The deal brings closure to a rocky public chapter and provides an exit for shareholders at a relative premium.
Strategic Rationale: Combining CargoWise and e2open
Creating a Global Logistics Software Powerhouse
WiseTech, known for its CargoWise logistics platform, plans to integrate e2open’s supply chain planning tools with its logistics execution stack. The goal: build a unified end-to-end digital platform for complex, global supply chains—serving everyone from freight forwarders to OEMs and e-commerce brands.
Background: Activist Pressure and Financial Struggles at e2open
Following a $1.5 billion operating loss in FY2023 and a $652 million loss in FY2024, e2open faced mounting pressure to pivot. Subscription revenues—the company’s core—declined to $528 million in FY2024 from $537 million a year earlier. CEO Michael Farlekas was ousted in late 2023, and under interim-turned-permanent CEO Andrew Appel, a strategic review was launched.
Looking Ahead: What the Deal Means for Customers and the Market
“Together, we will offer a leading end-to-end platform for the world’s most complex supply chains,” said Appel. WiseTech CEO Richard White is expected to outline further integration plans in coming weeks, but analysts expect continued expansion beyond APAC and deeper penetration into enterprise-level supply chains in North America and Europe.
WiseTech’s Big Bet on Global Supply Chain Integration
This acquisition positions WiseTech as a formidable global force in digital supply chain infrastructure. While e2open’s recent history is marked by volatility, the combined platform could reshape how B2B logistics software is delivered—linking strategy, execution, and visibility in a single pane of glass.