TCS Acquires Porsche's MHP for €320M in AI Mobility Push
Tata Consultancy Services (TCS) through its wholly owned subsidiary, Tata Consultancy Services Netherlands B.V., has agreed to acquire 100% of the equity shares of MHP Management- und IT-Beratung GmbH (MHP) from Porsche AG for an enterprise value of €320 million. MHP is a leading automotive and industrial consulting firm specializing in AI, digital transformation, and software-defined mobility. This acquisition is a strategic move to bolster a long-term AI transformation partnership between TCS and Porsche, which includes a five-year strategic deal worth €1.25 billion. The partnership aims to industrialize AI across Porsche's operations and deliver next-generation automotive technology services. The deal is subject to regulatory approvals and is expected to complete within 3-4 months. MHP reported a turnover of €742 million in CY2025 and has approximately 4,500 employees.
Key Highlights
- TCS subsidiary acquires Porsche's MHP for €320 million.
- Acquisition aims to accelerate AI-powered mobility and digital transformation.
- Strategic partnership with Porsche valued at €1.25 billion over five years.
- MHP is a leading automotive consulting firm with AI and SAP expertise.
- Deal completion subject to regulatory approvals, expected in 3-4 months.
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