Tata Consultancy Services (TCS) will fully acquire MHP, Porsche AG's German IT consulting subsidiary, for €320 million, marking a significant move in automotive AI collaboration.
This strategic move is part of a larger five-year partnership between TCS and Porsche
Aug 24, 2026
07:53 pm
What's the storyTata Consultancy Services (TCS) has announced plans to acquire MHP Management-und IT-Beratung GmbH (MHP), a Germany-based management and IT consulting subsidiary of Porsche.
The acquisition will be made at an enterprise value of €320 million, excluding customary post-closing adjustments for net debt and working capital.
Tata Consultancy Services will acquire Porsche AG's IT consulting subsidiary MHP for an enterprise value of €320 million. The…
The partnership between Porsche and TCS will see both companies jointly working on AI led solutions for automotive sector.
TCS plans to acquire Porsche's MHP for €320 million, enhancing their AI partnership in the automotive sector.
BENGALURU: In a mega deal that boosts its manufacturing and AI playbook, TCS will acquire MHP Management, the consulting and…
Tata Consultancy Services has secured a significant five-year deal worth €1.25 billion. This strategic agreement follows TCS'…
TCS acquires Porsche's consulting arm for €320 million, enhancing its AI capabilities and presence in European automotive markets.
TCS to buyout Porsche’s MHP for €320 million EV in major automotive AI partnership
