Encora Acquired by Coforge | Technology M&A Deal

Coforge has completed the acquisition of Encora, a enterprise software business in the US, for $2.5 billion. Coforge acquisitions are aimed at expanding Encora’s digital services capabilities, including AI-led engineering, data, and cloud delivery for US clients from Latin America nearshore teams. Encora’s integration into Coforge is expected to start consolidation from May 1, 2026, with FY27 results reflecting eleven months of contribution. The technology M&A is structured as a platform acquisition supported by a $550 million three-year loan at a 4.6% interest rate from global banks including JPMorgan Chase, Bank of America, Citibank, HSBC, and BNP Paribas. Coforge is also issuing 9.37 crore preferential shares to Encora sellers at Rs 1,815.91 per share and has cancelled a prior QIP plan to reduce equity dilution.