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Richard White looks for WiseTech reset with $3.2b e2open acquisition

Tess Bennett

WiseTech Global’s billionaire chairman Richard White is banking on the logistics software giant’s largest acquisition ever to reassure restive investors that the company can grow beyond recent governance troubles, paying $3.5 billion to buy Texas-headquartered competitor e2open.

But brokers say they are concerned about whether WiseTech will be able to turn around its new business, which has struggled to keep clients and suffered a share price slide before being acquired by the ASX-listed giant.

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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com

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    Original URL: https://www.afr.com/technology/wisetech-seals-its-biggest-ever-acquisition-20250526-p5m24v