Tata Consultancy Services (TCS) will acquire 100 per cent of Porsche AG’s IT consulting subsidiary MHP Management- und IT-Beratung GmbH for an enterprise value of €320 million, as part of a five-year strategic partnership with the German automaker.
The deal will see TCS establish an AI Mobility Centre of Excellence for Porsche, focused on deploying artificial intelligence across manufacturing, engineering, operations and customer experience.
Under the strategic partnership, Porsche has signed a five-year deal with TCS and MHP worth €1.25 billion, TCS said on Monday.
The proposed acquisition, which is subject to regulatory approvals, is expected to be completed within three to four months. The transaction will be settled in cash.
MHP, which specialises in automotive and industrial consulting, digital transformation, AI, SAP transformation, manufacturing digitalisation and connected mobility, reported revenue of €742 million in calendar 2025 and has around 4,500 employees.
The acquisition will strengthen TCS’ presence in Germany and the broader European automotive and industrial markets, while MHP’s automotive consulting capabilities will complement TCS’ technology and AI expertise.
TCS and Porsche will work to deploy AI across Porsche’s engineering, manufacturing, operations and customer experience functions as part of the partnership.
K. Krithivasan, CEO and managing director of TCS, said the partnership would help “industrialize AI at scale” for Porsche and accelerate innovation across its value chain.
Porsche CEO Michael Leiters said the partnership would combine the automaker’s automotive expertise with TCS’ digital technology and AI capabilities.
MHP was incorporated in 1996 and is headquartered in Germany, with operations also in Romania, the UK, US, India and Mexico. Its revenue stood at €828 million in CY23 and €830 million in CY24 before declining to €742 million in CY25.
The acquisition is subject to approvals from the European Commission, under EU merger control and foreign subsidies regulations, as well as applicable foreign investment approvals in Romania and Germany.
Published On Aug 24, 2026 at 07:32 PM IST
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