Here's a breakdown:
* Encantado: This word means "delighted" or "charmed."
* de: This is a preposition meaning "of."
* conocerlo: This is the masculine form of the verb "conocer" (to know or meet) in the infinitive form.
So, the whole phrase translates to "Delighted to meet you" or "Charmed to meet you."
Here are some other ways to say "nice to meet you" in Spanish:
* Mucho gusto (literally "much pleasure," less formal)
* Un placer (literally "a pleasure," similar to "mucho gusto")
* Es un placer (literally "it's a pleasure," more formal)