Coforge Acquires US-Based Encora for $2.35 Billion, Eyes $2.5B Revenue

• IT services firm Coforge will acquire US-based engineering services company Encora for $2.35 billion in an all-stock transaction.
• Encora shareholders will hold approximately 21.25 percent of Coforge's post-issue equity capital through a share swap.
• The acquisition aims to create a combined entity with an estimated revenue of $2.5 billion, with a strong focus on AI, cloud, and data services.
• Coforge plans to raise up to $550 million via QIP or other methods to fund the acquisition.
• The deal is expected to significantly boost Coforge's high-tech and healthcare verticals and grow its North America business by 50%.

Why It Matters: Coforge's $2.35B Encora acquisition targets significant growth in AI, cloud, and data services.