WiseTech Global, one of the country’s largest software businesses but also one mired in shareholder unrest, is in discussions to acquire New York-listed supply chain platform provider e2open for up to $3.5 billion.
The company was co-founded by billionaire Richard White, who is now its executive chairman despite the findings of a board-commissioned review that he misled other directors about his relationship with employees. Even while that governance scandal has played out, White has been busy sounding out several banks to help fund a big acquisition.
Should he pull this off, the transaction would be WiseTech’s largest transaction in its three-decade history, set to almost double its revenue.
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