Acquisitions18 Jul 2025, 08:10 am
Hexaware Technologies Completes Acquisition of SMC
AI Summary
Hexaware Technologies Limited, along with its wholly owned subsidiary, has successfully completed the acquisition of 100% stake in the Target Entities, namely SMC Squared, LLC, Tech SMC Square India Private Limited, and Tech SMCSquared (GCC) India Private Limited. This acquisition was carried out in accordance with the definitive agreements, as per the regulations of 2015.
Key Highlights
- Hexaware Technologies Ltd. has completed the acquisition of SMC
- The acquisition includes 100% stake in SMC Squared, LLC, Tech SMC Square India Private Limited, and Tech SMCSquared (GCC) India Private Limited
- The acquisition was carried out in accordance with the definitive agreements
- This is a significant step in Hexaware's growth strategy
- The acquisition is expected to contribute to Hexaware's financial performance