Smartworks, an Indian flexible workspace provider, has acquired Singapore-based Workstudio Spaces for SGD 2.47 million (approximately $1.8 million) in a deal announced this week. The acquisition aims to expand Smartworks’ footprint in Southeast Asia, marking its first overseas purchase. This move comes as the company seeks to strengthen its presence in the growing flexible office space market.
The acquisition process involved Smartworks negotiating terms with Workstudio Spaces’ stakeholders to finalize the SGD 2.47 million deal. Workstudio Spaces operates multiple coworking locations in Singapore, providing Smartworks immediate access to a new market. The company did not disclose further financial details or the exact timeline for integration but confirmed the deal has been completed, according to thehindubusinessline.com.
This acquisition is significant as it positions Smartworks among Indian flexible workspace firms expanding internationally, a trend seen in the sector amid rising demand for hybrid work solutions. Comparable moves include other Indian players entering Southeast Asian markets to tap into regional growth. The deal reflects the increasing importance of cross-border expansion to capture new customers and diversify revenue streams in the competitive flexible office space industry.
Smartworks’ acquisition of Workstudio Spaces for SGD 2.47 million was officially announced in early July 2026, according to thehindubusinessline.com. This deal marks a key milestone for Smartworks as it establishes a base in Singapore, a strategic hub for business in Asia.