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Tata Consultancy Unit to Acquire Porsche Unit MHP for 320 Million Euros

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Tata Consultancy Services (NSE:TCS, BOM:532540) said its wholly owned unit, Tata Consultancy Services Netherlands, has agreed to acquire 100% of MHP Management- und IT-Beratung, a subsidiary of Porsche AG, for an enterprise value of 320 million euros.

The deal is expected to close within three to four months, subject to regulatory approvals and other conditions, according to an Indian bourse filing.

MHP provides consulting and technology services to the automotive and industrial sectors, including AI, digital transformation, SAP and manufacturing technology.

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