USA – E2open Parent Holdings, Inc. (NYSE: ETWO), an Austin, Texas-based provider of a cloud-based, mission-critical, end-to-end supply chain management platform, acquired Logistyx Technologies, a Chicago, IL-based leader in global parcel and e-commerce shipping and fulfillment technology.
The amount of the deal was $185M, including $90 million paid in cash at closing and the remaining balance to be paid in two additional installments at 90 days and 180 days post-closing. E2open has the option to finance the remaining payments through cash or a combination of cash and E2open stock issued to sellers, at the company’s discretion.With the combination, E2open enhances its global presence for multi-carrier e-commerce shipment management, offering companies a complete range of shipping capabilities needed to scale and respond to growing market needs.Led by Geoffrey Finlay, chief executive officer, Logistyx Technologies connects top retailers, manufacturers, and logistics providers to more than 550 in-network carriers with strategic parcel shipping and omnichannel fulfillment technology. With Logistyx, shippers can rapidly realize fulfillment cost savings, gain end-to-end visibility for all shipments, receive proactive alerts for delivery delays, and leverage insights and scenario forecasting to optimize transportation strategies. Logistyx expands delivery options and provides business intelligence to improve the delivery experience and drive loyalty through customer satisfaction. The company has international operations in Canada, U.K., the Netherlands, and Singapore. Led by Michael Farlekas, chief executive officer, E2open provides a collaborative and agile supply chain platform that brings together data from customers, distribution channels, suppliers, contract manufacturers and logistics partners, to enable companies to use data in real time, with artificial intelligence and machine learning to drive smart decisions.In calendar year 2021, Logistyx grew in line with E2open’s current growth rate and achieved approximately $40 million in revenue. The combined business is expected to be accretive to E2open’s current organic growth rate given the cross-selling opportunities the combination creates.06/03/2022
