(Reuters) -WiseTech Global, one of Australia’s top-listed tech firms, confirmed on Thursday that it is participating in a strategic review of U.S.-based cloud logistics company E2open, following media speculation around a potential buyout.
The Australian Financial Review has reported that WiseTech is in talks to take over the New York-listed supply chain platform for up to A$3.5 billion ($2.23 billion).
WiseTech did not immediately respond to a request for confirmation on the deal value quoted in the report.
The Sydney-headquartered logistics software provider said the discussions are still in the early, indicative stages and there is no certainty a deal will materialise, or if it does, what the timing or terms might be.
A multi-billion dollar buyout of a U.S.-based company by WiseTech, which is known for its CargoWise platform, would help investors focus on the firm’s strategy and take attention away from previous findings around its co-founder, Richard White.
White, the biggest shareholder of the logistics software maker, had stepped down as its chief executive in October 2024 following media reports of allegations about his personal life, including payments to a past sexual partner.
The Australian company’s share price has dropped over 22% since the beginning of the year, primarily due to issues surrounding White after he was brought back by the company as its executive chairman.
E2open, on the other hand, has seen its stock tumble around 26% in 2025 as it faces an uncertain economic outlook.
E2open did not immediately respond to a Reuters request.
E2open posted $634.6 million revenue in fiscal year 2024 while the Australian firm’s top-line climbed to over $638 million during the year.
The speculation and WiseTech’s disclosure land in the middle of an ongoing global trade war between the United States and China, which could impact demand for the Australian company’s products.
($1 = 1.5667 Australian dollars)
(Reporting by Rishav Chatterjee in Bengaluru; Editing by Mrigank Dhaniwala)
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