WiseTech Global (ASX:WTC) will sell Expedient Software, a small subsidiary of BluJay Solutions (Australia), under a voluntary agreement with the Australian Competition and Consumer Commission.
Expedient, which employs fewer than 30 staff and generates under 0.4% of WiseTech's FY26 revenue guidance, primarily operates in Australia and New Zealand and was not part of the strategic rationale for WiseTech’s acquisition of E2open Parent Holdings in August.
WiseTech CEO Zubin Appoo said the divestment addresses the ACCC's competition concerns without affecting the broader benefits of the e2open acquisition.
"This decision ensures we remain focused on the timely integration of e2open and the delivery of long-term value to our customers and shareholders," he said, emphasising that the acquisition continues to support WiseTech's expansion in global trade management and supply chain management.
The divestment is not expected to materially impact WiseTech’s FY26 financial guidance.
Any gain or loss on disposal will be determined upon final sale completion, with the company anticipating a one-time, non-cash derecognition of goodwill between US$5 million and US$20 million.
At the time of reporting, WiseTech Global's share price was $68.18.