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Hexaware’s $120 Million Bet on AI-Driven Expansion: Acquires Tech SMC Squared Entities

Updated: July 17, 2025 08:42

Image Source : Smart Investment
Hexaware Technologies Ltd has announced a strategic acquisition of Tech SMC Squared India Pvt Ltd and Tech SMCSquared (GCC) India Pvt Ltd, signaling a bold move to deepen its AI-first capabilities and expand its global delivery footprint.
 
Key highlights of the deal:
 
- The total acquisition consideration is up to USD 120 million.
 
- It includes USD 45 million as upfront payment and USD 45 million in earnouts, with the remaining structured through performance-linked incentives.
 
- Hexaware has entered into two separate share purchase agreements to complete the transaction.
 
Strategic rationale:
 
- The acquisition aligns with Hexaware’s AI-first, cloud-powered strategy, enhancing its ability to deliver intelligent digital transformation solutions.
 
- Tech SMC Squared entities bring specialized talent and delivery capabilities across India and the GCC region, strengthening Hexaware’s presence in high-growth markets.
 
- The move supports Hexaware’s ambition to scale its offerings in data, AI, and cloud services, while accelerating innovation across verticals.
 
Market impact:
 
- This acquisition follows Hexaware’s recent IPO momentum and reinforces investor confidence in its aggressive growth trajectory.
 
- With this deal, Hexaware aims to integrate complementary capabilities and unlock synergies that drive operational excellence and client value.
 
Outlook:
 
- Hexaware continues to position itself as a preferred partner for Fortune 500 enterprises seeking scalable, AI-enabled solutions.
 
- The acquisition is expected to be margin-accretive and contribute meaningfully to Hexaware’s top-line growth in the coming quarters.
 
Sources: BSE India, Moneycontrol, Rediff MoneyWiz.

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