The ACCC accepted a court-enforceable undertaking from WiseTech Global (ASX: WTC) and its subsidiary BluJay Solutions (Australia) Pty Ltd on 30 December 2025 to divest Expedient, a logistics software business, following an ACCC investigation.
WiseTech acquired Expedient as part of its acquisition of e2open Parent Holdings, Inc. which completed in August 2025.
"While WiseTech informed the ACCC about the acquisition, Wisetech completed the acquisition before the ACCC conducted its review and could reach a decision, despite being aware of the significant concerns being raised," ACCC Chair Gina Cass-Gottlieb said.
Following completion of the acquisition, the ACCC commenced an enforcement investigation to assess whether it would have the effect or likely effect of substantially lessening competition, in breach of the merger law.
The undertaking addresses the competition concerns identified by the ACCC in its investigation, by restoring Expedient as an independent competitor to WiseTech. The undertaking is court enforceable and imposes strict requirements on WiseTech regarding the divestiture of Expedient.
Expedient will be sold to a purchaser approved by the ACCC on the basis that the purchaser will be able to operate the Expedient business as a viable competitor to WiseTech in the supply of logistics software in Australia.
WiseTech is Australia's largest supplier of cloud-based enterprise application software to the global logistics industry with its core software offering, CargoWise.
BluJay was part of the e2open group, and acquired Expedient in March 2020.
Expedient supplies logistics software services, and was a competitor to WiseTech's CargoWise in Australia and New Zealand prior to the acquisition.
"The ACCC received significant concerns from users of logistics software during the investigation, and was concerned that the acquisition could lead to higher prices or lower quality services."
"Prior to the new merger regime coming into effect on 1 January 2026, there was no requirement for a merger party to obtain ACCC clearance before proceeding to complete an acquisition. This was one of the key concerns with the previous informal regime," Ms Cass-Gottlieb said.
"However, under the new merger regime which commenced on 1 January 2026, merger parties are required to notify the ACCC of any acquisition that meets the thresholds and must not complete the acquisition until it has been approved by the ACCC or the Australian Competition Tribunal."
In circumstances where an acquisition is not required to be notified but raises competition concerns, the ACCC may still investigate whether the acquisition is likely to substantially lessen competition in breach of section 50 of the Competition and Consumer Act.
"We can also investigate where an acquisition that is required to be notified has been completed without obtaining ACCC or Tribunal clearance, as this would be in breach of the new merger laws and expose the acquisition to being 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.
Further information, including the undertakings accepted by the ACCC, will be published on the ACCC's undertakings register in due course.
Background
WiseTech is a publicly listed Australian technology company whose group of companies makes available cloud-based enterprise application software to the global logistics industry, including its core software offering CargoWise.
e2open is a technology company providing connected supply chain software platforms, headquartered in Addison, Texas.
Expedient is a subsidiary of BluJay, and supplies logistics software services principally in relation to Australia and New Zealand. e2open acquired BluJay in May 2021.
The Acquisition
On 26 May 2025, WiseTech entered into a binding agreement and plan of merger to acquire e2open. Completion of the acquisition occurred on 4 August 2025. As a result of the acquisition, Expedient became an indirect subsidiary of WiseTech.
The Investigation
The ACCC was concerned that WiseTech, which is the largest supplier of logistics software, acquiring Expedient, combined two significant suppliers of logistics software in Australia with specific customs clearance capability.
The ACCC considers that WiseTech already has substantial market power, and that the Acquisition removed the constraint CargoWise and Expedient provided on each other and significantly reduced the choice available to Australian customers. The ACCC was concerned that, in the absence of the undertaking to divest Expedient, WiseTech could increase prices and or reduce the service quality of its logistics software services.
Logistics software is used by freight forwarders, customs brokers and beneficial cargo owners to assist in the export and import of goods in Australia, and therefore, has a wide impact on Australian businesses and consumers.
The Undertaking
The Undertaking requires BluJay to divest Expedient to an ACCC approved purchaser (and WiseTech to procure that it does so) and includes supporting arrangements to monitor compliance. It is a court enforceable undertaking given under section 87B of the Competition and Consumer Act. By accepting the section 87B undertaking, the ACCC considers its enforcement investigation is resolved, as the undertaking will ensure that Expedient is sold, resulting in the creation or strengthening of a viable, effective, independent and long-term competitor to WiseTech.
