WiseTech to Divest Expedient Following Post-Completion Merger Investigation

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The Australian Competition and Consumer Commission (ACCC) has accepted a court-enforceable undertaking from WiseTech Global Ltd (ASX: WTC) and its subsidiary BluJay Solutions (Australia) Pty Ltd, requiring the divestiture of Expedient, a logistics software business. The undertaking was accepted on 30 December 2025 following an ACCC enforcement investigation into WiseTech’s acquisition of e2open Parent Holdings, Inc.

WiseTech acquired Expedient indirectly through its August 2025 acquisition of e2open. Although WiseTech informed the ACCC of the transaction, it proceeded to complete the acquisition before the ACCC had concluded its merger review. According to ACCC Chair Gina Cass-Gottlieb, WiseTech did so “despite being aware of the significant concerns being raised”.

Following completion, the ACCC commenced an enforcement investigation to assess whether the acquisition had the effect or likely effect of substantially lessening competition, in breach of Australia’s merger laws. The ACCC concluded that the transaction combined two significant competitors in the supply of logistics software in Australia and New Zealand—WiseTech’s CargoWise and Expedient—thereby reducing competitive constraints and customer choice.

WiseTech is Australia’s largest supplier of cloud-based enterprise software to the global logistics industry, with CargoWise as its core product. Expedient, acquired by BluJay in 2020, supplies logistics software services and was a direct competitor to CargoWise, particularly in solutions with customs clearance capabilities.

“The ACCC considers that WiseTech already has substantial market power in the supply of logistics software, and the acquisition removed the competition between CargoWise and Expedient,” Ms Cass-Gottlieb said. The ACCC also noted concerns raised by users of logistics software that the acquisition could lead to higher prices or a deterioration in service quality.

To address these concerns, WiseTech and BluJay provided a court-enforceable undertaking under section 87B of the Competition and Consumer Act. The undertaking requires Expedient to be sold to a purchaser approved by the ACCC, on the basis that the buyer will be capable of operating Expedient as a viable and effective competitor to WiseTech in the Australian logistics software market. The undertaking also imposes strict conditions and monitoring arrangements to ensure compliance.

The ACCC stated that the divestiture will restore Expedient as an independent competitor and resolve its enforcement investigation. Further details, including the full text of the undertaking, will be published on the ACCC’s undertakings register.

The case also highlights the transition to Australia’s new merger control regime, which came into force on 1 January 2026. Under the previous informal regime, merger parties were not required to obtain ACCC clearance before completing an acquisition. “This was one of the key concerns with the previous regime,” Ms Cass-Gottlieb said.

Under the new framework, acquisitions that meet notification thresholds must be notified to the ACCC and cannot be completed without approval from the ACCC or the Australian Competition Tribunal. The ACCC also retains the power to investigate acquisitions below the thresholds where competition concerns arise, and to take action where notifiable transactions are completed without clearance, potentially rendering them automatically void.

“The ACCC encourages merger parties to engage with the ACCC in relation to all acquisitions which raise potential competition concerns to manage this risk,” Ms Cass-Gottlieb said.

Logistics software plays a critical role for freight forwarders, customs brokers and cargo owners involved in Australia’s import and export supply chains, giving the transaction broad implications for Australian businesses and consumers.