Trump visits Texas after deadly floods
President Donald Trump toured flood-hit areas in Texas and expanded federal disaster assistance to eight more counties....
Australian logistics software firm WiseTech Global has agreed to acquire U.S.-based E2open for $2.1 billion, aiming to enhance its global trade capabilities and create a comprehensive logistics ecosystem.
WiseTech Global, a leading Australian logistics software provider, has announced its largest acquisition to date, agreeing to purchase U.S.-based E2open for $2.1 billion. This strategic move is set to accelerate WiseTech's development by at least a decade, according to co-founder and executive chairman Richard White.
The acquisition will be funded through a new $3 billion syndicated debt facility, involving both international and domestic lenders. WiseTech has already secured written backing from shareholders representing more than 50% of voting rights, with the transaction expected to close within six months.
E2open's cloud-based platform connects over 500,000 manufacturing, logistics, channel, and distribution partners, handling more than 18 billion transactions annually. Integrating E2open's capabilities with WiseTech's existing software aims to eliminate inefficiencies and enhance the global logistics ecosystem.
This acquisition nearly doubles WiseTech's annual revenue, adding E2open's $607.7 million to its own $683.7 million. Despite a lower earnings margin, WiseTech anticipates achieving at least $50 million in annualized run-rate cost synergies by the end of the second year post-acquisition.
The deal also arrives at a pivotal moment for WiseTech, as it seeks to expand its global footprint and product offerings, positioning itself as the operating system for global trade and logistics.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
President Donald Trump toured flood-hit areas in Texas and expanded federal disaster assistance to eight more counties.
Washington and Ottawa are once again at odds, as President Trump unveils a sharp new tariff on Canadian goods—citing drug trafficking and trade disputes just weeks ahead of a key deadline.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
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