TCS to buyout Porsche’s MHP for €320 million EV in major automotive AI partnership
Tata Consultancy Services (TCS) is acquiring Porsche’s IT consulting subsidiary, MHP, for €320 million as part of a larger €1.25 billion strategic partnership. The deal aims to integrate TCS's AI and engineering capabilities into Porsche’s mobility value chain through a new AI Mobility Centre of Excellence.
Why it matters
This acquisition marks a significant consolidation of Indian IT services within the European automotive sector, highlighting the growing role of AI in industrial manufacturing and mobility.
Tata Consultancy Services (TCS) is planning to fully acquire MHP Management- und IT-Beratung GmbH (MHP), Porsche AG’s Germany-based management and IT consulting subsidiary, for an enterprise value of €320 million, excluding customary post-closing adjustments for net debt and working capital.
The acquisition is part of a broader €1.25 billion, five-year strategic partnership between TCS and Porsche under which TCS will provide artificial intelligence (AI) services across Porsche’s mobility value chain. The transaction and partnership remain subject to regulatory approvals, with the acquisition to be completed through a TCS subsidiary.
As part of the partnership, TCS will establish a dedicated AI Mobility Centre of Excellence for Porsche. The centre will focus on deploying AI-driven solutions across manufacturing, engineering, operations and customer experience.
MHP reported a CY2025 turnover of €742 million and has around 4,500 employees. Besides Germany, the company operates through subsidiaries in Romania, the UK, the U.S., India and Mexico.
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