Hexaware Technologies Approves Acquisition of Consulting Professionals Services, Strengthening Client Base
Hexaware Technologies Limited announced that its Board of Directors approved an agreement to acquire a client contract along with associated employees from Consulting Professionals Services Holdings Ltd and its subsidiary, Consulting Professionals Services Ltd (CPS). The acquisition will be facilitated through Hexaware Technologies UK Ltd.The target company, CPS, is positioned as a specialist technology consulting and professional services firm. It delivers high-value consulting, covering areas such as regulatory compliance, technology infrastructure, governance and risk, and business transformation. CPS primarily serves a FTSE 100 client and operates across the United Kingdom and the United Arab Emirates.
Hexaware Technologies views the acquisition as a strategic move that will consolidate client spend and strengthen the company's overall positioning within the client's consolidated supplier landscape. Furthermore, the transaction bolsters Hexaware's ambition to become a trusted AI and Cloud Transformation partner to leading financial institutions and blue-chip organizations, expanding its capabilities from consulting and advisory services to implementation and operations.
Transaction Details and Financial Scope
The proposed acquisition is structured as an all cash consideration. The total aggregate consideration is up to GBP 11.00 million (equivalent INR 1397.00 million*), comprising an upfront payment of GBP 6.0 million and an additional GBP 5.0 million linked to financial performance. The transaction involves acquiring 100% of the target entity.The following table summarizes the turnover performance of the underlying client contract and business operations related to CPS, which are being transferred as part of the transaction (unaudited):
| Financial Year | Currency | Turnover Value |
|---|---|---|
| FY24 | GBP million | 14.00 |
| FY25 | GBP million | 11.60 |
| FY26 | GBP million | 11.74 |
| FY24 | INR million* | 1778.00 |
| FY25 | INR million* | 1473.20 |
| FY26 | INR million* | 1490.98 |
Hexaware confirmed that the proposed acquisition does not constitute a related party transaction, and the promoter or promoter group has no existing interest in CPS.
The company anticipates that the transaction is expected to close within two weeks. The Board meeting, where the approval was granted, took place on Wednesday, May 20, 2026.
HEXT Stock Price Movement
Shares of Hexaware Technologies Limited today slipped by 1.36% to settle at ₹505.25. The equity finished the day after trading 286,199 shares, marking a notable decline for the tech firm.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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