DBT Bureau
Pune, 14 April 2026
Coforge stated in an exchange filing that it has secured all regulatory approvals and statutory clearances across multiple jurisdictions for the acquisition of Encora.
On December 26, 2025, Coforge announced its intent to acquire Encora to create a $2.5 Bn AI-native tech services firm with a $2 Bn data, AI led engineering and cloud-based services core.
Integration planning and execution are progressing exactly in line with the established schedule as communicated earlier. The integration management office continues to track workstreams across all functional areas, and the Company is on course to meet its stated integration milestones. Leadership continuity remains a critical priority, and the Company is pleased to report that all the senior leaders that it has asked to stay have accepted the offer.
Furthermore, the cost optimization program targeting General & Administrative (G&A) functions is progressing on track. With detailed workplans and governance structures established, the Company remains confident in achieving its margin guidance as its cost optimization plan is expected to deliver 20%–25% reduction in G&A costs for the combined business within the projected timelines.
The front-end commercial and sales teams of both organizations are ready to commence collaborative operations immediately post-closing. The early commencement of these activities reflects the Company’s confidence in the strategic rationale of the transaction and its commitment to delivering value to shareholders at the earliest opportunity.
“We are pleased to report that the transaction has gone exactly as per plan and every element of anticipated synergies is on course to be realized. We look forward to the two firms merging by the end of the April 2026 and subsequently operating as a US$2.5 plus billion firm on a run rate basis, with a US$2 billion enterprise core of AI-led engineering, data, and cloud services. We are setting the benchmark for making the promise of AI real for enterprises. Over the last nine years, Coforge has delivered industry-leading growth through execution excellence and hyper-specialized expertise. With this augmented enterprise AI-led engineering core, we are now moving into an even higher orbit of accelerated growth.” said Sudhir Singh, Chief Executive Officer and Executive Director, Coforge Ltd.
