WiseTech Shares Slide as ACCC Steps Up Scrutiny
Synopsis
The ACCC’s search of WiseTech Global over logistics services and software triggered a steep share-price decline and renewed investor concerns.
WiseTech shares fell more than 13 percent on Wednesday after Australian Competition and Consumer Commission conducted a search warrant at WiseTech Global.
Shares closed at A$37.57, down two weeks lows, and set to record biggest one-day decline since late June, according to market data on Wednesday.
The ACCC was searching for documents and electronic records about ACCC's supply of global logistics services and software. WiseTech says it will fully cooperate with the inquiry, and that neither the ACCC nor WiseTech have given any details about what they were seeking.
The shares of WiseTech came under pressure after broader falls on the Australian Securities Exchange (ASX). The banks and technology shares were the worst performers, and the ASX 200 finished down 0.4 percent at 9,039 points, as of 2:37pm AEST.
Earlier competition concerns were e2open
The fall comes after a separate ACCC investigation into WiseTech purchase of e2open Parent Holdings.
The software provider Expedient was acquired by WiseTech together with logistics software provider Expedient in the transaction closed in August 2025. As a result of the investigation by the ACCC, WiseTech and its subsidiary BluJay Solutions agreed to sell Expedient in the court-enforceable undertaking.
The ACCC considered that the purchase of Expedient was of particular concern to the Australian logistics software market.
The logistics software provider Expedient was to be sold to a competitor approved by the ACCC, capable of continuing to supply software products and services to the Australian market, and to pursue growth opportunities as an independent software business.
Results due as scrutiny continues
WiseTech shares are also under pressure as the company is set to report its FY2026 result on Aug 26.
WiseTech revenue for the first half of 2025 was US$672 million, which was 76% higher than US$381 during the same period in 2024, while its EBITDA increased reported by 31 percent to US$252.1 million, whereas the statutory net profit fell by 36% to US$68.1.
According to the data, the revenue from cargoWise rose by 12 percent to US$372.4 million, compared with the same period last year, while the results include five months of revenues from e2open following its acquisition.
The ACCC investigation into WiseTech relates to the software used by the Australian and US based organisations for managing freight forwarding, customs and international supply chains.
Source: Bloomberg
Pooja Malik is a business journalist with over six years of experience covering startups, entrepreneurship, and emerging trends. She has previously worked with leading media platforms such as YourStory Media and BW BusinessWorld, where she reported on business, policy, and market developments. Currently, she serves as Editor at The Inspirepreneur Magazine, where she writes and edits stories across business, lifestyle, and travel, with a focus on clarity, accuracy, and reader relevance.
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