Latest news with #E2open
Yahoo
28-05-2025
- Business
- Yahoo
Logistics M&As: E2Open Taken Private in $2.1B Deal, UPS Sells Ware2Go to Stord
Supply chain visibility technology provider E2open has been taken private in a $2.1 billion acquisition by logistics software solutions provider WiseTech Global. The sale gives E2open a new home more than a year after the company initiated a strategic review in March 2024, and enables the Australia-headquartered WiseTech to scale its U.S. presence. More from Sourcing Journal US-Based Chinese Logistics Firms Caught Using Counterfeit USPS Labels Canadian Courier Strike Risks Intensify at Canada Post, DHL Express Up Close: In Conversation with Relex Solutions' Dr. Madhav Durbha E2open will join another freight tech business under the WiseTech Global umbrella, CargoWise, which is a logistics operations software primarily used by freight forwarders and third-party logistics providers (3PLs) like Ceva Logistics, Seko Logistics and DHL Global Forwarding. Although WiseTech already has 16,500 customers across CargoWise and its other platforms like multi-modal rail solutions provider Blume Global, the acquisition will add about 5,600 customers to WiseTech's network. The cloud-based E2open platform will also give WiseTech access to more than 500,000 manufacturing, logistics, channel and distribution partners, tracking more than 18 billion transactions every year. With E2open in the fold, WiseTech will have direct connectivity to ocean carriers like Mediterranean Shipping Company (MSC), Maersk and CMA CGM, with the technology tracking 67 million containers annually. Roughly 18.5 percent of global export container bookings are managed through E2open's platforms. The WiseTech team sees the E2open product site as a complement to the wider CargoWise ecosystem, since it includes tools for supply chain planning and trade compliance, among others. 'These product opportunities extend our reach in key adjacent markets such as global trade management and supply chain planning whilst filling in gaps in our own products that would have required substantial investment over time,' said Richard White, founder and executive chair at WiseTech Global, in a Monday morning briefing. 'These extended capabilities will be attractive to existing and new customers alike and allow our combined customer base access to new and expanded capabilities and new geographies and markets.' Andrew Cartledge, interim CEO of WiseTech Global, said there was 'very little overlap' in products between both solutions. WiseTech sees an opportunity to take advantage of the growing need for supply chain and logistics software solutions, citing Gartner data indicating that total spend on these technologies would expand from $28 billion in 2024 to $57 billion in 2025. The deal is expected to be accretive to earnings per share in the first year. For WiseTech, this is the biggest transaction thus far for the company, which has made 55 acquisitions totaling $1.2 billion over the past 10 years, according to the presentation. E2open is no stranger to making deals either, having invested its own $2.7 billion in acquisitions since 2016, including a $1.7 billion acquisition of logistics software company BluJay Solutions. WiseTech is taking on $3 billion in debt to finance the deal, with E2open stockholders set to receive $3.30 per share in cash. The per-share purchase price represents a premium of approximately 28 percent over the company's closing stock price on Friday, the last trading day prior to the Monday announcement, and a premium of approximately 68 percent over the company's closing stock price on April 30, the day prior to media reports regarding WiseTech's evaluation of a potential acquisition of the business. E2open and WiseTech will continue to operate as independent companies until the transaction closes, which is expected in the second half of the 2025 calendar year. The deal is subject to regulatory approvals. WiseTech has already secured the written approval of shareholders representing more than 50 percent of voting rights, the company said. The deal follows another logistics acquisition that caught the industry's attention, with fulfillment services and commerce enablement technology Stord unveiling earlier this month that it acquired warehouse and inventory management solutions provider Ware2Go from UPS. Terms of that deal have not been disclosed, but the announcement came just three days after Stord revealed it raised more than $200 million in combined equity and debt financing at a valuation of $1.5 billion. The acquisition and the funding are unrelated, Stord says. Stord will become a UPS partner as part of the acquisition. Stord is bringing on 21 new fulfillment centers into its network with the Ware2Go deal, amounting to an extra 2.5 million square feet of warehouse space. This expands on Stord's 11 fulfillment nodes across 13 buildings in North America, as well as two locations in the U.K. and one in the Netherlands. Stord also has an expanded network of more than 70 partner warehouses worldwide. The company seeks to power checkout, delivery, fulfillment and returns for growing, high-volume SMBs that want to better compete with online retail giants via its combination of technologies and warehouses. It manages over $6 billion of commerce annually through its fulfillment, warehousing, transportation, and operator-built software suite including OMS, pre- and post-purchase, and WMS platforms. Ware2Go's service offerings include direct-to-consumer shipping, Seller Fulfilled Prime (SFP) for Amazon sellers and retail-compliant B2B shipping. Stord has sought to expand its own horizons over the past year via acquisitions. The company scooped up Pitney Bowes' e-commerce fulfillment business and freight and logistics platform ProPack in 2024. 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 Journals
27-05-2025
- Business
- Business Journals
WiseTech Global to buy E2open for $2.1 billion
Addison-headquartered E2open is set to go private in a $2.1 billion deal, shortly after moving its headquarters to North Texas. The deal will mean the company drops off the New York Stock Exchange.
Business Wire
27-05-2025
- Business
- Business Wire
Shareholder Alert: The Ademi Firm Investigates Whether E2open Is Obtaining a Fair Price for Its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating E2open (NYSE: ETWO) for possible breaches of fiduciary duty and other violations of law in its transaction with WiseTech. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, shareholders of E2open will receive $3.30 per share in cash equating to an enterprise value of $2.1 billion. E2open public minority shareholders have no voting rights in the transaction and E2open insiders will receive substantial benefits as part of change of control arrangements. The transaction agreement unreasonably limits competing transactions for E2open by imposing a significant penalty if E2open accepts a competing bid. We are investigating the conduct of the E2open board of directors, and whether they are fulfilling their fiduciary duties to all shareholders. We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Business Wire
27-05-2025
- Business
- Business Wire
Johnson Fistel Investigates Fairness of Proposed Sale of E2open
SAN DIEGO--(BUSINESS WIRE)--Johnson Fistel, PLLP has launched an investigation into whether the board members of E2open Parent Holdings, Inc. (NYSE: ETWO) breached their fiduciary duties in connection with the proposed sale of the Company to WiseTech Global Limited (ASX: WTC). This valuation is notably less than the historical highs of E2open's stock, which reached $5.00 within the last twelve months and exceeded $13.00 several years prior. On May 25, 2025, E2open announced the execution of a definitive agreement with WiseTech for the acquisition of all outstanding shares of E2open in a go-private transaction, wherein shareholders would receive a cash consideration of $3.30 per share. This valuation is notably less than the historical highs of E2open's stock, which reached $5.00 within the last twelve months and exceeded $13.00 several years prior. The proposed transaction raises significant considerations regarding shareholder interests and the implications of the offered price relative to the company's recent trading performance and historical valuation metrics. You can click or copy and paste the following link to join this investigation: If you are a shareholder of E2open and believe the proposed buyout price is too low or if you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@ at 619-814-4471. If emailing, please include a phone number. About Johnson Fistel, PLLP | Top Law Firm for Securities Fraud and Investors Rights: Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who have purchased on US exchanges. Stay informed about stock-related developments and learn how Johnson Fistel, PLLP may help you recover investment losses. For more information about the firm and its attorneys, please visit Achievements: In 2024, Johnson Fistel was honored to be ranked in the Top 10 Plaintiff Law Firms by the ISS Securities Class Action Services. This recognition underscores our effectiveness in advocating for investors, having recovered approximately $90,725,000 for aggrieved clients in cases where we served as lead or co-lead counsel. This notable accomplishment marks the eighth occasion our firm has been recognized as a top plaintiffs' securities law firm in the United States, as determined by the total dollar value of final recoveries. Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.
Yahoo
27-05-2025
- Business
- Yahoo
E2open to be acquired by WiseTech Global for $3.30 per share in cash
E2open (ETWO) announced that it has entered into a definitive agreement to be acquired by WiseTech Global Limited (WTCHF), which marks the conclusion of e2open's previously announced strategic review process. Under the terms of the transaction, e2open stockholders will receive $3.30 per share in cash equating to an enterprise value of $2.1B. The per-share purchase price represents a premium of approximately 28% over the company's closing stock price on May 23, the last trading day prior to today's announcement, and a premium of approximately 68% over the company's closing stock price on April 30, the day prior to media reports regarding WiseTech's evaluation of a potential acquisition of e2open reported on May 1. E2open and WiseTech will continue to operate as independent companies until the transaction closes, which is expected in the second half of calendar year 2025. The transaction is subject to customary closing conditions including applicable regulatory approvals. In addition to unanimous board approval, shareholders holding in the aggregate a majority of the voting power of the issued and outstanding shares of common stock of e2open have approved the transaction by written consent. No other further action by e2open's shareholders is required to approve the transaction. Upon completion of the transaction, e2open's common stock will no longer be listed on the New York Stock Exchange. 'After a comprehensive strategic review and evaluation of a full range of options conducted by e2open, the Company's Board, and Rothschild & Co, we have decided to enter this agreement with WiseTech Global, which we believe maximizes value for our shareholders and positions the Company for long-term success,' said Andrew Appel, Chief Executive Officer of e2open. 'WiseTech's global footprint and commitment to innovation are highly complementary to e2open's capabilities. Together, we will be able to offer a leading end-to-end platform for the world's most complex supply chains.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on ETWO: Disclaimer & DisclosureReport an Issue E2open's Mixed Earnings Call: Growth Amid Challenges E2open Parent Holdings Releases Investor Presentation Update E2open price target lowered to $2.50 from $3 at UBS E2open Reports Mixed Fiscal 2025 Results Amidst Strategic Growth Plans E2open reports Q4 adjusted EPS 6c, consensus 5c 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
