TCS to acquire Porsche arm for $373 million, inks $1.4 billion deal
Tata Consultancy Services (TCS) agreed to acquire MHP Management, a consulting and technology subsidiary of German car manufacturer Porsche, for $373 million. The deal also includes a five-year strategic partnership worth $1.4 billion, with a focus on AI-led transformation across Porsche's various business areas. The partnership will help both companies strengthen profitability, position TCS as a strategic partner for Porsche, and expand its offerings to other automotive and industrial customers in Europe.
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