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An update from Wisetech Global ( (AU:WTC) ) is now available.
WiseTech Global has announced its strategic acquisition of U.S.-based E2open Parent Holdings, Inc., a provider of SaaS-based solutions in the global logistics value chain, for an enterprise value of $2.1 billion. This acquisition is expected to significantly expand WiseTech’s market reach and product capabilities, enabling the creation of a multi-sided marketplace that connects various stakeholders in the trade and logistics industry. The deal is anticipated to be EPS accretive in the first year and will be fully funded through a new syndicated debt facility. The acquisition aligns with WiseTech’s strategy to accelerate product development and ecosystem reach, promising improved efficiency, visibility, and cost savings for customers.
The most recent analyst rating on (AU:WTC) stock is a Buy with a A$120.00 price target. To see the full list of analyst forecasts on Wisetech Global stock, see the AU:WTC Stock Forecast page.
More about Wisetech Global
WiseTech Global is a prominent player in the logistics industry, known for its leading logistics execution software, CargoWise. The company focuses on creating a global, multi-sided trade and logistics marketplace, enhancing connectivity and efficiency in the logistics value chain.
YTD Price Performance: -17.25%
Average Trading Volume: 888,893
Technical Sentiment Signal: Buy
Current Market Cap: A$33.28B
For a thorough assessment of WTC stock, go to TipRanks’ Stock Analysis page.