Coforge to acquire Encora for US$2.35Bn in equity-funded deal
COFORGE · price
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Coforge will acquire AI-native tech firm Encora from Advent, Warburg Pincus and others for an Enterprise Value of US$2.35Bn. Funded via preferential equity allotment of about US$1.89Bn; Encora shareholders will hold around 20 percent of Coforge post-deal. Encora's FY26E revenue is US$600Mn with about 19 percent EBITDA margin. Combined firm projected at US$2.5Bn revenue and 14 percent EBIT margin, expected EPS accretive in FY27. Deal adds 3100 plus engineering talent and scales near-shore LATAM and US mid-west presence.
Largest acquisition yet; near 20 percent equity dilution but EPS accretive by FY27. Combined US$2.5Bn firm strengthens AI engineering scale.