Coforge Acquires Encora for $2 Billion, Eyes $2.5 Billion Combined Revenue

• Coforge will acquire 100% of Encora for $2 billion (₹17,032 crore) from Advent International, Warburg Pincus, and other shareholders.
• The acquisition is an all-stock transaction ($1.89 billion equity) with a $550 million bridge loan/QIP; Encora shareholders will own 20-21% of Coforge.
• The deal is expected to boost Coforge's North America revenue to $1.4 billion, creating a combined entity with nearly $2.5 billion in revenue.
• Encora specializes in digital engineering, product development, and AI-native solutions, with an estimated FY26 revenue of $600 million.
• Coforge views this as a "defining moment," leveraging its track record of successful acquisitions like Cigniti.

Why It Matters: Coforge's $2 billion Encora acquisition significantly expands its digital engineering capabilities and market presence.