WiseTech Global Renegotiates Earnout Arrangements for Acquisitions

  • May 28, 2020 AEST
  • Team Kalkine

An information technology company, WiseTech Global (ASX:WTC) revealed that the Company has renegotiated earnout arrangements for a number of its strategic acquisitions, to allow for better alignment of resources and to further strengthen its robust balance sheet.

WiseTech disclosed that it has collaboratively worked with 17 of its acquired businesses to concurrently lessen and close-out future earnouts and replace significant cash payments with equity.

This action further improves the balance sheet and liquidity of WiseTech.  The priority of WTC across its strategic acquisitions is to fast-track expansion and development of CargoWise platform.


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