TCS to acquire Porsche subsidiary MHP for $373 mn, signs five-year deal
2 sources·Updated August 24, 2026
Covered by 2 sources
- ET Tech·1h agoTCS to buy Porsche's IT unit for enterprise value of $373 million
In a five-year deal tied to the acquisition, Porsche has committed €1.25 billion to TCS and the unit for services aimed at deploying AI across its engineering, manufacturing, operations and customer experience, as well as developing next-generation automotive…
Read at ET Tech → - Business Standard·1h agoTCS to acquire Porsche subsidiary MHP for $373 mn, signs five-year deal
Porsche has signed a five-year strategic deal with TCS worth €1.25 billion; the acquisition of automotive and industrial consulting firm MHP is expected to close in 3-4 months
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