Smartworks Coworking Spaces has announced the acquisition of Singapore based flexible workspace provider Workstudio Spaces through its wholly owned subsidiary, Smartworks Space Pte. Ltd. The transaction is expected to close in July.

Workstudio operates around 26,000 square feet of managed workspace in Singapore. Following the acquisition, Smartworks' footprint in the city state is expected to increase to about 76,000 square feet across four centres, with seating capacity of more than 1,500.

According to the company, the acquisition will be funded through resources available with its Singapore subsidiary.

Smartworks founder and managing director Neetish Sarda said Singapore remains a strategic market for the company. He added that the acquisition will expand its presence in a high demand micro market and broaden its enterprise customer base.

As of March 31, 2026, Smartworks managed around 16.1 million square feet of workspace across 66 centres in 15 cities in India and Singapore. The company primarily serves enterprise clients, including multinational corporations, global capability centres, and large Indian businesses.

Smartworks' revenue from operations rose 45% year on year to Rs 520 crore in Q4 FY26 from Rs 358 crore in the same quarter last year. The company reported a profit of Rs 16.6 crore in Q4 FY26 against a loss of Rs 8.3 crore in Q4 FY25, as revenue growth outpaced the increase in expenses.