Acquisitions20 May 2026, 09:41 pm
Hexaware to Acquire Consulting Professionals Services for £11M
AI Summary
Hexaware Technologies Ltd will acquire Consulting Professionals Services Holdings Ltd and its subsidiary, Consulting Professionals Services Ltd (CPS), through its UK subsidiary. The acquisition includes a client contract and employees. CPS, based in the UK and UAE, specializes in technology consulting and professional services for a FTSE 100 client. The deal involves an upfront payment of £6.0 million with a further £5.0 million linked to financial performance, totaling up to £11.00 million. The acquisition is expected to close in two weeks and aims to strengthen Hexaware’s position with the FTSE 100 client and expand its AI and Cloud Transformation capabilities.
Key Highlights
- Hexaware to acquire Consulting Professionals Services (CPS) for up to £11.00 million.
- CPS's turnover from FTSE 100 client was £11.74 million for the period 01 April 2025 to 31 March 2026.
- The acquisition will strengthen Hexaware’s position with a key FTSE 100 client.
- The deal is expected to close in two weeks and requires no governmental or regulatory approvals.
- The acquisition is for all cash consideration.
Price Impact
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