The WiseTech Global Ltd (ASX: WTC) share price is edging higher on Wednesday. This comes after the logistics software giant released a new update to the market.
At the time of writing, WiseTech shares are changing hands for $68.15, up 0.49%. In comparison, the S&P/ASX 200 Index (ASX: XJO) is also slightly higher, up 0.1%.
So, let's dive into what WiseTech had to say to the market today.
What WiseTech agreed to with the ACCC
According to the release, WiseTech confirmed it has voluntarily agreed with the ACCC to sell Expedient Software Pty Ltd, a business held through its Blujay Solutions subsidiary.
The decision forms part of the ACCC's review of WiseTech's e2open acquisition, which was completed earlier in 2025. Importantly, the company stressed that Expedient represents a very small and immaterial part of the wider WiseTech group.
Expedient employs fewer than 30 staff and contributes less than 0.4% of WiseTech's FY26 revenue guidance. Its operations are primarily based in Australia and New Zealand.
WiseTech said the divestment does not reflect competition concerns in the Australian market. Instead, it is a voluntary step designed to address the ACCC's questions and allow the company to move forward without distraction.
What it means for WiseTech's numbers
From a numbers perspective, WiseTech was clear that the sale will not impact its FY26 revenue guidance, which remains unchanged.
The final financial outcome will depend on the sale price and completion timing. However, management expects the overall impact on WiseTech's financial results to be immaterial.
The company did flag a likely one-off, non-cash goodwill write-down of between US$5 million and US$20 million once the transaction completes. While this may affect reported earnings in the year of sale, it does not impact cash flow or the underlying operating performance of the business.
What the company is focused on next
The bigger picture for investors is that this announcement helps clear the way for WiseTech to focus on its long-term strategy.
Management reiterated that e2open remains a core part of WiseTech's growth plans, strengthening its position across global trade management and supply chain execution.
WiseTech's ambition to build the operating system for global trade remains unchanged. With regulatory uncertainty easing, attention now shifts back to execution, integration, and delivering value from recent acquisitions.
Foolish Takeaway
For long-term investors, WiseTech's fundamentals remain intact. The business continues to lead global logistics software, invest in its products, and expand across global supply chains.
With regulatory distractions now largely out of the way, management can focus on running the business.
I believe the current WiseTech share price represents extremely good value for patient investors.
