Coforge acquires AI firm Encora in $2.35 billion all-stock deal
On December 26, Coforge announced a definitive agreement to acquire Silicon Valley–based AI-native engineering firm Encora at an enterprise value of $2.35 billion in an all‑stock transaction. The deal will give Encora’s current shareholders, including Advent International and Warburg Pincus, about a 20% stake in the combined company and is expected to close within four to six months, subject to approvals.([coforge.com](https://www.coforge.com/who-we-are/newsroom/press-release/coforge-to-acquire-encora.-reaffirms-intent-to-be-the-leading-ai-driven-engineering-firm-for-the-new-era?utm_source=openai))
Source: Coforge