Hexaware Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on May 20, 2026.
HEXT · price
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Hexaware Technologies has approved acquiring Consulting Professionals Services Holdings Ltd (CPS) along with its subsidiary, through its UK subsidiary for all cash consideration. The deal involves upfront payment of GBP 6.0 million plus up to GBP 5.0 million linked to financial performance, totaling up to GBP 11 million (approximately INR 1397 million). CPS is a UK and UAE-based specialist technology consulting firm serving a FTSE 100 client, with FY26 turnover of GBP 11.74 million (INR 1490.98 million). The transaction, expected to close within two weeks, consolidates Hexaware's existing relationship with this FTSE 100 client and strengthens its position in AI and Cloud Transformation services for financial institutions. No regulatory approvals are required.
Positive signal for shareholders as this acquisition consolidates a key client relationship and expands Hexaware's consulting capabilities in financial services. The all-cash deal at ~11x price-to-sales multiple aligns with industry benchmarks.