Brief by Shorts91 Newsdesk / 03:38am on 25 Aug 2026,Tuesday Business
Tata Consultancy Services (TCS) has announced a €320 million acquisition of Germany-based Porsche AG’s automotive and industrial-consulting arm, MHP Management- und IT-Beratung GmbH. The deal will be anchored by a five-year partnership between TCS and Porsche worth €1.25 billion, strengthening TCS’ AI-transformation strategy and its position among European automotive and industrial customers. TCS will acquire 100 per cent of MHP’s shares within the next three to four months. The digital-transformation, AI and SAP-transformation-focused consulting firm recorded €742 million in turnover in calendar year 2025 and employs approximately 4,500 people. The acquisition will expand TCS’ presence across Germany, Romania, the UK, the US, India and Mexico, while deepening its strategic relationship with Porsche. (PC: Santosh V Perumal _12549)
