Acquisitions20 May 2026, 09:41 pm
Hexaware to Acquire CPS for up to GBP 11 Million
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 involves an upfront payment of GBP 6.0 million, with an additional GBP 5.0 million contingent on financial performance, totaling up to GBP 11.00 million. CPS is a technology consulting firm with a turnover of GBP 11.74 million (₹1490.98 million) from a FTSE 100 client. The acquisition aims to strengthen Hexaware’s position with the client and expand its AI and Cloud Transformation capabilities.
Key Highlights
- Hexaware to acquire Consulting Professionals Services (CPS) for up to GBP 11 million.
- CPS turnover from FTSE 100 client is GBP 11.74 million (₹1490.98 million).
- The acquisition is an all-cash deal with GBP 6.0 million upfront and GBP 5.0 million based on performance.
- Acquisition aims to 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.
Price Impact
More from HEXT