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Hexaware Technologies to acquire GCC-oriented companies for ₹1,029 croreAccording to an exchange filing, the deal is expected to close on July 17, 2025.By Meghna Sen   July 17, 2025, 9:04:48 AM IST (Published)2 Min ReadHexaware Technologies has entered into two separate Share Purchase Agreements on July 17, 2025, for the acquisition of ‘Tech SMC Square India’ and ‘Tech SMCSquared (GCC) India’.

The acquisition, valued at up to $120 million (approximately ₹1,029 crore), will be an all-cash transaction.

According to an exchange filing, the deal is expected to close on July 17, 2025.

The consideration is structured as follows:

$45 million as an upfront payout

Up to $45 million in earnouts

Up to $30 million as an outperformance earnout bonus

Within India, the Global Capability Center (GCC) segment is witnessing exponential growth, with the market projected to exceed $100 billion by 2030. This presents a significant opportunity for Hexaware to expand its footprint and deepen its capabilities in the space.

SMC has a workforce of around 500 employees, with a go-to-market office in the US and delivery centers in Bengaluru and Hyderabad. This setup provides a strong foundation for scaling operations and delivering value to clients globally.

By acquiring SMC, Hexaware gains:

Established GCC expertise: SMC’s proven playbook and relationships in the mid-market GCC segment will accelerate Hexaware’s go-to-market strategy.

Scalable capabilities: Hexaware will extend SMC’s offerings to its broader client base, including existing customers.

Enhanced value proposition: By integrating SMC’s GCC setup capabilities with Hexaware’s strengths in AI, analytics, cloud transformation, modernization, and enterprise platforms, the company can deliver end-to-end solutions for clients aiming to optimize and scale their GCC operations.

Strengthened GCC service line: The collaboration brings together SMC’s deep GCC expertise with Hexaware’s technology-led delivery model to offer world-class GCC operations and attract top-tier tech talent.

Shares of Hexaware Technologies Ltd. ended 1.39% higher on Wednesday at ₹858. The stock has gained 13% year-to-date.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsHexaware Technologies