英文协调平台：智慧科技全球收购E2Open

1Asia Pacific Equity ResearchAus Emerging Daily27 May 2025CompaniesWiseTech Global (Bob Chen) (WTC AU, OW, PT A$127.00)Harmonising the platformWTC announced the acquisition of E2Open (ETWO.US) for $3.30/sh, EV of US$2.1bn. This is the largest acquisition in WTC’s history, and will significantly broaden’s WTC’s ecosystem to include supply chain management capabilities. WTC first spoke about adding connectivity and entering the BCO market in 2019; this transaction will accelerate the co’s plans to extend the reach of its logistics operating system. E2open is a scaled and profitable platform, that connects over 500k enterprises and supply chain participants. The opportunity sits within WTC’s ability to leverage the combined platform to enhance visibility across logistics, extend into supply chain planning, and feed this into new products, such as CTO, to monetise the vast amounts of data across its platform. However, we believe the deal does come with greater execution risk, given it wil