Indian IT services company Coforge has announced the acquisition of US-based technology firm Encora Inc. in an all-stock transaction valued at $2.35 billion, marking one of the largest deals in the global IT services space in recent times.

The acquisition will combine Coforge’s digital and engineering capabilities with Encora’s strong presence in product engineering, cloud, data and analytics services. Encora serves clients across sectors such as financial services, healthcare, retail, technology and travel, with delivery centres spread across the United States, Latin America and Asia.

Coforge said the transaction is aimed at strengthening its footprint in the North American market and expanding its high-growth digital engineering portfolio. The combined entity is expected to have a significantly larger global workforce and an expanded client base across key international markets.

According to company officials, the deal will allow both organisations to leverage complementary strengths, improve service offerings, and create a stronger platform for innovation in areas such as artificial intelligence, cloud modernisation and data-driven solutions.

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An industry observer said the acquisition reflects the increasing consolidation in the IT services sector as firms look to scale operations and enhance specialised capabilities to meet evolving enterprise technology demands.

The transaction is subject to regulatory approvals and customary closing conditions. Once completed, Encora will become part of the Coforge group, with both companies expected to work closely on integration and growth initiatives in the coming months.

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