TCS acquires Porsche's MHP for 320 million euros in automotive AI deal

Tata Consultancy Services has agreed to acquire MHP Management und IT-Beratung GmbH, a German management and IT consulting subsidiary of Porsche AG, for an enterprise value of 320 million euros. The acquisition, announced on August 24, 2026, is part of a broader five-year strategic partnership between the Indian IT services giant and the German sports car manufacturer, valued at 1.25 billion euros. Under the agreement, TCS will purchase 100 percent of MHP's shares. The transaction is expected to be completed within three to four months, pending regulatory approvals. MHP, headquartered in Ludwigsburg, Germany, reported a turnover of 742 million euros for calendar year 2025 and employs approximately 4,500 people. The company operates through subsidiaries in Romania, the United Kingdom, the United States, India, and Mexico, specializing in automotive and industrial consulting, digital transformation, artificial intelligence, SAP implementation, and manufacturing digitalization. The acquisition is the centerpiece of a wider collaboration. The five-year, 1.