WiseTech Global’s plan to pay up to $3.5 billion for American software firm e2open has received a lukewarm reception from the market, with brokers worried it comes with execution risk and could dilute margins.
The logistics software giant confirmed a report in The Australian Financial Review’s Street Talk column late on Thursday that it was planning its biggest acquisition yet at the same time the company confronts significant investor unrest over the return of its executive chairman, Richard White.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
