TCS Netherlands to Acquire MHP for €320 Million

Tata Consultancy Services (TCS) Netherlands B.V., a wholly owned subsidiary, has received board approval to acquire 100% of MHP Management- und IT-Beratung GmbH (MHP) for an enterprise value of €320 million. MHP is a leading automotive and industrial consulting firm, a subsidiary of Porsche AG. This acquisition is part of a strategic partnership between TCS and Porsche, aimed at driving AI transformation, next-generation manufacturing technologies, and software-defined mobility. The deal includes a five-year strategic agreement between Porsche, MHP, and TCS valued at €1.25 billion. Completion is subject to regulatory approvals, with an expected timeframe of 3-4 months.