SynopsisIn a five-year deal tied to the acquisition, Porsche has committed €1.25 billion to TCS and the unit for services aimed at deploying AI across its engineering, manufacturing, operations and customer experience, as well as developing next-generation automotive technology and software-defined mobility platforms.AgenciesIndia's top IT services firm, TCS , said on Monday it would acquire Porsche's IT division MHP for an enterprise value of €320 million ($373.25 million).In a five-year deal tied to the acquisition, Porsche has committed €1.25 billion to TCS and the unit for services aimed at deploying AI across its engineering, manufacturing, operations and customer experience, as well as developing next-generation automotive technology and software-defined mobility platforms.MHP is an automotive and industrial consulting firm which specialises in business consulting and software-defined mobility.($1 = 0.8573 euros) ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now
TCS to buy Porsche's IT unit for enterprise value of $373 million - The Economic Times
In a five-year deal tied to the acquisition, Porsche has committed €1.25 billion to TCS and the unit for services aimed at deploying AI across its engineering, manufacturing, operations and customer experience, as well as developing next-generation automotive technology and software-defined mobility platforms.
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