Indian technology services company Coforge has announced its plan to acquire Encora, a deal valued at an enterprise value of $2.35 billion. The acquisition will be executed through a share swap arrangement, aiming to enhance Coforge’s capabilities in artificial intelligence, data, and product engineering.
The move is part of Coforge’s strategic effort to expand its digital and technology services portfolio, positioning itself as a competitive player in the rapidly evolving tech landscape. Encora is known for its expertise in software engineering, AI, and data-driven solutions, which will complement Coforge’s existing offerings upon completion of the deal.
Details of the transaction indicate that existing shareholders of Encora will receive shares in Coforge, reflecting the mutual benefits envisioned by both companies. The acquisition is expected to strengthen Coforge’s global footprint and accelerate innovation-driven growth.
Regulatory approvals and customary closing conditions remain to be satisfied before the transaction is finalized. The deal underscores the ongoing trend of consolidation within the technology services sector, as firms seek to deepen their technological capabilities and expand reach in a competitive market.