Overview
- Coforge will fund $1.89 billion of the equity value by issuing preference shares that give Encora shareholders a 20% stake in the company.
- The remaining consideration will be covered via a bridge loan or a possible qualified institutional placement, with the board authorizing up to $550 million of fundraising.
- Management expects the North America business to expand by about 50%, lifting regional revenue to more than $1.4 billion after the transaction closes.
- The combined firm targets roughly $2.5 billion in scale with broader capabilities across AI-led engineering, cloud, and data services.
- Encora brings 3,100-plus professionals in Latin America for nearshore delivery and is expected to lift HiTech and Healthcare to about a $170 million run-rate each.