Happiest Minds Technologies Limited has issued a clarification regarding a previously stated acquisition of Gavs Technologies Limited. The company confirms it has not acquired Gavs Technologies Limited. While a Share Purchase Agreement was executed to acquire the Middle East business interests of Gavs Technologies, including InnovazIT Technologies LLC and Gavs Technologies Saudi Arabia, the integration process of these acquired companies has been completed as of January 05, 2026.
Acquisition Details
Happiest Minds Technologies Limited is clarifying information regarding the acquisition of Gavs Technologies Limited. The announcement confirms that Happiest Minds has not acquired Gavs Technologies Limited as a whole.
Clarification of Middle East Business Acquisition
The company executed a Share Purchase Agreement to acquire the Middle East business interests of Gavs Technologies. This includes acquiring 100% business interest in entities such as InnovazIT Technologies LLC (Dubai), Gavs Technologies LLC (Oman), and Gavs Technologies Saudi Arabia focusing on Telecommunications and Information Technology in Saudi Arabia.
Integration Completion
Happiest Minds confirms that the integration process of the acquired Middle East business interests of Gavs Technologies has been successfully completed as of January 05, 2026. This completes the intended scope of the Share Purchase Agreement. The initial statement contained an error regarding the full acquisition of Gavs Technologies Limited.
Source: BSE
