Hexaware Buys SMC for $120 Million

  Published 8 months ago

Hexaware to acquire SMC Group for up to $120 million, expanding Global Capability Center (GCC) offerings in India and the US.

  • GCC market in India projected to exceed $100 billion by 2030; Hexaware aims to leverage this growth opportunity.
  • Deal includes $45 million upfront, $45 million earnouts, and $30 million outperformance bonus; closes on July 17.
  • SMC brings 500 staff, US market presence, and delivery hubs in Bengaluru and Hyderabad to Hexaware’s portfolio.

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