WiseTech Global copped an ACCC search warrant today over alleged competition law breaches. Shares dropped 12% to $37.57 before recovering slightly.
The regulator is investigating WiseTech's supply of global logistics services and software. The company said it will fully cooperate. The ACCC confirmed the search but declined further comment.
Second raid in 10 months
This is the second time regulators have raided WiseTech's offices. ASIC and AFP officers searched the company's HQ in October 2025 over concerns about share sales by founder Richard White during blackout periods. White sold $200 million worth of shares and denies wrongdoing.
The current ACCC investigation appears linked to WiseTech's August 2025 acquisition of Expedient as part of its $2.1 billion e2open takeover. The regulator has been assessing whether the deal substantially lessens competition in breach of merger laws.
What this means for the business
WiseTech is a major ANZ tech employer with around 7,000 staff globally across 40 countries. The company reported $672 million revenue in 1H26, up 76% year on year, and reaffirmed FY26 guidance of $1.39 billion to $1.44 billion revenue.
But it is restructuring hard. Management flagged cuts of about 2,000 roles across FY26 and FY27, including up to 50% reductions in product development and customer service. That makes sales and customer-facing roles a likely area of change, though the company has not broken out sales headcount publicly.
WiseTech's CargoWise platform remains the dominant logistics software in its category, with 99% recurring revenue in 1H26. The company competes with E2open (now owned by WiseTech), Descartes Systems Group, and other supply chain software vendors.
Regulatory risk for enterprise software
For sales professionals at enterprise software companies, this is worth watching. The ACCC has been increasingly active on merger enforcement and market dominance in tech. WiseTech's acquisition strategy, which has rolled up competitors over the years, is now under scrutiny.
If the ACCC forces divestment or restricts future acquisitions, it changes the competitive landscape for logistics software sales in ANZ. It also signals regulatory risk for any high-growth enterprise software company building through M&A.
WiseTech has not disclosed how the investigation affects current sales operations or customer contracts. The company's next major disclosure will be its full-year results.