Hexaware Technologies Limited has informed regarding Acquisition.
HEXT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hexaware Technologies Limited's Board of Directors has approved the acquisition of Consulting Professionals Services Holdings Ltd (CPS) along with its wholly owned subsidiary, through its UK-based subsidiary Hexaware Technologies UK Ltd. CPS is a specialist technology consulting firm serving a FTSE 100 client, with operations in the UK and UAE. The deal is structured as 100% acquisition for all-cash consideration of up to GBP 11.00 million (approx. INR 1,397 million), comprising GBP 6.0 million upfront and GBP 5.0 million linked to financial performance. CPS reported turnover of GBP 11.74 million from the FTSE 100 client for FY26. The acquisition aims to consolidate Hexaware's position with the client and strengthen its AI and Cloud Transformation capabilities for financial institutions.
Positive for Hexaware shareholders as the acquisition deepens its presence with a key FTSE 100 client and expands its high-value consulting capabilities in AI and cloud transformation. The all-cash deal at ~INR 1,397 million is expected to close within two weeks.