TCS acquires Porsche's MHP for €320 million

Tata Consultancy Services (TCS), India's largest IT services company, announced the acquisition of MHP GmbH (MHP), the IT consulting subsidiary of German automaker Porsche, for an enterprise value of €320 million (approximately Rs 3,573 crore or $370 million). The acquisition, executed through TCS Netherlands B.V., a wholly owned subsidiary, is subject to regulatory approvals and expected to close within three to four months. Alongside the acquisition, TCS and Porsche signed a five-year strategic partnership worth €1.25 billion focused on scaling AI across Porsche's engineering, manufacturing, operations, customer experience, and enterprise transformation. TCS will establish a dedicated AI Mobility Centre of Excellence for Porsche to industrialize AI use cases and embed AI across the automaker's product and value chain. MHP, with around 4,500 employees and a turnover of €742 million in 2025, brings expertise in business consulting, digital transformation, AI, SAP, manufacturing digitalization, and connected mobility. The deal strengthens TCS's presence in Germany and the European Union — European automotive consulting market, while allowing Porsche to focus on its core business and gain a strategic technology partner.