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Coforge moves to buy Encora for $2.35 billion to expand AI engineering footprint
Coforge agreed to acquire Encora for $2.35 billion in an all-stock transaction to boost AI and engineering capabilities and broaden its global market presence.
In a significant strategic transaction, Indian IT services firm agreed to acquire US-based AI focused engineering company at an enterprise value of $2.35 billion through an all stock share swap deal. Under the terms, Encora’s shareholders, including Advent International and Warburg Pincus, will receive new Coforge shares representing about 20 percent of the enlarged company