Hexaware Technologies to Acquire SMC Squared for USD 120 Million

Hexaware Technologies Limited has entered into two separate Share Purchase Agreements for the acquisition of Tech SMC Squared India Pvt Ltd and Tech SMCSquared (GCC) India Pvt Ltd. The acquisition is an all-cash consideration of up to USD 120 Million, subject to certain customary adjustments on cash, debt, and taxes. The acquisition will provide Hexaware with established GCC expertise, scalable capabilities, an enhanced value proposition, and a strengthened GCC service line. The transaction is expected to close on 17th July, 2025, and does not require any governmental or regulatory approvals.