Latest news with #CargoWise
News.com.au
3 days ago
- Business
- News.com.au
Hot Money Monday: WiseTech's $2bn power play, and one small logistics tech stock stirring interest
Cargo ships go smart with AI WiseTech muscles up with $2.1bn move on US freight kingpin Yojee's freight-tech play quietly takes aim at the big guys International shipping has always been the beating heart of global trade. For centuries, it was sailboats and steamers ferrying spices, silk and silver across oceans. Then came the age of steel hulls, steam engines, and containerisation ie; Malcolm McLean's game-changing box-on-a-ship idea that made global trade cheap and insanely efficient. But now, the industry's entering a whole new phase; less grease, more code. The modern cargo ship isn't just floating metal anymore, it's a data machine. IoT sensors beam back live engine diagnostics and cargo conditions. Ports run on automation and smart cranes. And while the crew's still onboard (for now), autonomous ships are already being tested. And that's just the beginning. Blockchain is also making paperwork disappear. Then there's the green push. With pressure mounting over emissions, shipping giants are rolling out LNG engines, wind-assist tech, and hybrid electric vessels. WiseTech's $2.1bn play to run global trade At the centre of this digital shipping revolution is one Australian company powering the pipes of global logistics. WiseTech Global (ASX:WTC) is the $36 billion Aussie tech powerhouse behind the curtain. Its flagship platform, CargoWise, is already the cockpit for freight forwarders, customs agents and supply chain operators in more than 170 countries. If something's moving across borders anywhere in the world, odds are, CargoWise is helping steer it. But WiseTech doesn't just want to be the brain behind the freight anymore, the company said it's gunning to be the "operating system" of global trade. To get there, the company made a monster move last week: a $2.1 billion cash deal to snap up US-based E2open, the biggest acquisition in WiseTech's history. The name might not mean much outside the freight world, but inside it, E2open is serious muscle. This is a company that connects over half a million businesses and tracks more than 18 billion transactions a year. What does it bring to WiseTech? The missing puzzle pieces ie; domestic logistics, trade compliance, carrier hookups, and planning smarts. WiseTech said the two firms fit together with barely any customer overlap. More importantly, it sets WiseTech up to build something far bigger: a true multi-sided marketplace. A place where ocean liners, freight brokers, warehouse managers and even small shippers can plug in, trade, and optimise in one unified system. Founder and chief innovation officer Richard White said, "Acquiring e2open is a strategically significant step in achieving our expanded vision to be the operating system for global trade and logistics.' 'This is a great deal for WiseTech's business and e2open's shareholders, for all our customers, the industry and ultimately the end consumer.' Yojee's making moves in freight tech, too Sure, WiseTech is the heavyweight in logistics tech, but it's not the only ASX stock worth watching in this space. Over the past 12 months, Yojee (ASX:YOJ) 's stock price has surged more than sixfold, a move that's turned a few heads in the small-cap crowd. While the $85 million-capped company is also in the logistics tech game, its focus is a bit different: freight forwarding. Freight forwarding isn't exactly known for its slick software. For years, the industry's run on a patchwork of spreadsheets, phone calls, and expensive old-school systems that don't talk to each other. Yojee is trying to change that by stitching it all together. The company's flagship software is called Mosaic, a next-gen freight forwarding platform. It's built to simplify the way forwarders and shippers manage cargo, giving users a single interface to book jobs, track shipments, and connect with partners across the chain. Mosaic is also designed with open architecture, so it can slot into existing business systems. That includes connections to things like accounting software (like Xero), or SMS services like Twilio. The platform runs on a 'pay-per-job' model, which means no big up-front licenses or lock-in contracts, making it a flexible alternative in a market that's historically been dominated by costly enterprise software. There's even an AI assistant called Tess already built in to help automate routine tasks. Customs is another pain point Yojee's now tackling. In April, the company launched a joint venture with SmartClear called Smart Yojee, aiming to bring real-time customs messaging and compliance tech into the Mosaic platform. And while all this is still rolling out, Yojee has already landed a notable pilot customer. In March, Germany's Röhlig Logistics, a major global freight and logistics firm, signed on to use Yojee's Transport Carrier Management System in Singapore. The rollout began in May and, if the pilot goes well, could expand further.
Yahoo
28-05-2025
- Business
- Yahoo
WiseTech Acquires E2open Parent Holdings, Inc. (ETWO) in $2.1 Billion Software Deal
The cloud-based supply chain software provider, E2open Parent Holdings, Inc. (NYSE:ETWO), announced on May 25 its agreement to be acquired by the Australian logistics tech company WiseTech Global (ASX:WTC), in an all-cash transaction valued at $2.1 billion. A view of a modern city skyline from the top of a financial institution, symbolizing the company's investments in the local area. As per the agreement between the two companies, shareholders of E2open Parent Holdings, Inc. (NYSE:ETWO) will receive $3.30 per share, a 68% premium over its stock price on April 30, the day before rumours about the acquisition emerged. It is worth noting that, on May 19, Morgan Stanley maintained an Equal-Weight rating on the stock with a $2.10 price target, while raising its bullish scenario to $4.05. The move forecasted a cautious optimism around the company's strategic alternatives. WiseTech, known for its CargoWise platform, has turned to a consortium of nine international banks to fund the deal through a new $3 billion debt facility. In addition to adding key capabilities in trade compliance, procurement, and channel management, the acquisition of E2open Parent Holdings, Inc. (NYSE:ETWO) comes with a network of over 500,000 partners and more than 18 billion transactions tracked annually. With its acquisition, WiseTech positions itself as an end-to-end logistics solution provider. This largest deal to date in WiseTech's history comes at a time when both companies are heavily scrutinized. WiseTech founder Richard White recently transitioned to executive chairman after governance-related controversies, while E2open Parent Holdings, Inc. (NYSE:ETWO) faced uncertainties arising from broader macroeconomic pressures. The deal is expected to close in the second half of 2025 after regulatory approvals. E2open Parent Holdings, Inc. (NYSE:ETWO) will delist from the NYSE post the deal closure ETWO could be a potential investment opportunity. But our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ETWO and that has 100x upside potential, check out our report about the READ NEXT: 10 Unstoppable Dividend Stocks to Buy Now and 11 Oversold Global Stocks to Buy According to Hedge Funds Disclosure: None. Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
WiseTech Acquires E2open Parent Holdings, Inc. (ETWO) in $2.1 Billion Software Deal
The cloud-based supply chain software provider, E2open Parent Holdings, Inc. (NYSE:ETWO), announced on May 25 its agreement to be acquired by the Australian logistics tech company WiseTech Global (ASX:WTC), in an all-cash transaction valued at $2.1 billion. A view of a modern city skyline from the top of a financial institution, symbolizing the company's investments in the local area. As per the agreement between the two companies, shareholders of E2open Parent Holdings, Inc. (NYSE:ETWO) will receive $3.30 per share, a 68% premium over its stock price on April 30, the day before rumours about the acquisition emerged. It is worth noting that, on May 19, Morgan Stanley maintained an Equal-Weight rating on the stock with a $2.10 price target, while raising its bullish scenario to $4.05. The move forecasted a cautious optimism around the company's strategic alternatives. WiseTech, known for its CargoWise platform, has turned to a consortium of nine international banks to fund the deal through a new $3 billion debt facility. In addition to adding key capabilities in trade compliance, procurement, and channel management, the acquisition of E2open Parent Holdings, Inc. (NYSE:ETWO) comes with a network of over 500,000 partners and more than 18 billion transactions tracked annually. With its acquisition, WiseTech positions itself as an end-to-end logistics solution provider. This largest deal to date in WiseTech's history comes at a time when both companies are heavily scrutinized. WiseTech founder Richard White recently transitioned to executive chairman after governance-related controversies, while E2open Parent Holdings, Inc. (NYSE:ETWO) faced uncertainties arising from broader macroeconomic pressures. The deal is expected to close in the second half of 2025 after regulatory approvals. E2open Parent Holdings, Inc. (NYSE:ETWO) will delist from the NYSE post the deal closure ETWO could be a potential investment opportunity. But our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ETWO and that has 100x upside potential, check out our report about the READ NEXT: 10 Unstoppable Dividend Stocks to Buy Now and 11 Oversold Global Stocks to Buy According to Hedge Funds Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Times
26-05-2025
- Business
- Business Times
Australia's WiseTech agrees to buy E2open for US$2.1 billion
[BENGALURU] Australian software company WiseTech Global on Monday (May 26) announced its biggest deal to date, buying out US cloud computing firm E2open for US$2.1 billion to broaden its product offerings. The deal, which will be fully funded through a new US$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 US$3.30 per E2open share – a 24.5 per cent premium to the US company's last closing price. Shares in WiseTech opened more than 5 per cent higher in Sydney and closed up 4.7 per cent at A$104.75. The acquisition would significantly enhance WiseTech's software capabilities, adding solutions in supply chain planning, procurement, trade compliance, and channel management. The acquisition also arrives at a pivotal moment for the Sydney-headquartered company. Billionaire co-founder and largest shareholder Richard White stepped down as chief executive in October 2024 after media reports alleged payments to a former sexual partner, prompting reputational scrutiny and a steep sell-off in shares. E2open has recently been facing worries around its growth trajectory amid heightened macroeconomic uncertainty. The latest acquisition dwarfs WiseTech's previous deals, including the US$414 million purchase of Blume Global in 2023, and positions the firm more squarely within the broader enterprise logistics and supply chain tech landscape. REUTERS
Economic Times
26-05-2025
- Business
- Economic Times
Australia's WiseTech agrees to buy E2open for $2.1 billion
The acquisition would significantly enhance WiseTech's software capabilities, adding solutions in supply chain planning, procurement, trade compliance, and channel management. The acquisition also arrives at a pivotal moment for the Sydney-headquartered company. E2open has recently been facing worries around its growth trajectory amid heightened macroeconomic uncertainty. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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 known for its flagship CargoWise platform, is offering $3.30 per E2open share - a 24.5% premium to the U.S. company's last closing in WiseTech opened more than 5% higher in Sydney and last traded up 5.2% at A$ acquisition would significantly enhance WiseTech's software capabilities, adding solutions in supply chain planning, procurement, trade compliance, and channel acquisition also arrives at a pivotal moment for the Sydney-headquartered cofounder and largest shareholder Richard White stepped down as chief executive in October 2024 after media reports alleged payments to a former sexual partner, prompting reputational scrutiny and a steep sell-off in shares.E2open has recently been facing worries around its growth trajectory amid heightened macroeconomic latest acquisition dwarfs WiseTech's previous deals, including the $414 million purchase of Blume Global in 2023, and positions the firm more squarely within the broader enterprise logistics and supply chain tech landscape.
