Acquisition History / Hexaware Technologies Ltd / SMC Squared LLC
Hexaware Technologies Ltd Acquires SMC Squared LLC
Announced July 17, 2025 — $120M
What happened
Hexaware acquired 100% of SMC Squared, which builds, operates and transfers global capability centres, for up to $120 million in an all-cash deal. The consideration includes contingent components and customary cash, debt and working capital adjustments. Hexaware said SMC's mid-market GCC playbook and client relationships accelerate its own go-to-market.
- Acquirer
- Hexaware Technologies Ltd
- Target
- SMC Squared LLC
- Announced
- July 17, 2025
- Price
- $120M
- Industry
- Global capability centre services
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Hexaware Technologies Ltd acquire SMC Squared LLC?
Hexaware Technologies Ltd acquired SMC Squared LLC on July 17, 2025. This was Hexaware Technologies Ltd's 1st publicly tracked acquisition out of 2 we have on record.
How much did Hexaware Technologies Ltd pay for SMC Squared LLC?
Hexaware Technologies Ltd paid $120M for SMC Squared LLC.
What does SMC Squared LLC do?
Hexaware acquired 100% of SMC Squared, which builds, operates and transfers global capability centres, for up to $120 million in an all-cash deal. The consideration includes contingent components and customary cash, debt and working capital adjustments. Hexaware said SMC's mid-market GCC playbook and client relationships accelerate its own go-to-market.
What other Global capability centre services companies has Hexaware Technologies Ltd acquired?
SMC Squared LLC is Hexaware Technologies Ltd's only publicly tracked acquisition in Global capability centre services so far.