Coforge Acquires Encora for $2.35 Billion in India's Largest IT Deal

Coforge has acquired US-based AI and digital engineering firm Encora for an enterprise value of $2.35 billion, marking it as the largest acquisition by an Indian IT services company. This all-stock deal aims to significantly bolster Coforge's AI-led capabilities and global footprint.

• Coforge acquires US-based Encora for $2.35 billion enterprise value.
• Deal is India's largest IT services acquisition, exceeding HCLTech's 2018 deal.
• Acquisition funded by $1.89 billion equity through preferential allotment.
• Encora's PE shareholders to hold approximately 20% stake in Coforge.
• Aims to create a $2.5 billion tech powerhouse with strong AI, data, cloud focus.
• Expands Coforge's presence in US and Latin American markets.

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