TCS acquires MHP Management amid Porsche partnership
Tata Consultancy Services has acquired global consulting firm MHP Management. The deal comes as part of a new five-year partnership with Porsche to enable AI services across the mobility value chain.
K. Krithivasan, CEO and managing director at Tata Consultancy Services, said, “TCS is pleased to partner Porsche in its transformation journey. As AI, software, and data redefine the automotive industry, this partnership brings together TCS’ capabilities in AI, engineering, technology and business transformation with MHP’s strong automotive consulting expertise. Together, we will industrialize AI at scale for Porsche, accelerating innovation across the value chain to deliver intelligent, software-defined mobility experiences of the future.”
As part of the five-year strategic deal, TCS will establish a dedicated AI mobility centre of excellence for Porsche to drive innovation across manufacturing, engineering, operations and customer experience. TCS, through its subsidiary, will meanwhile acquire 100% of MHP Management- und IT-Beratung, Porsche’s Germany-based management and IT consulting subsidiary.
MHP brings strong automotive and industrial consulting and implementation experience, with strengths in business transformation, AI, SAP, manufacturing digitalisation, and connected mobility. Its long-standing track record in delivering complex automotive and industrial transformation programs will complement TCS’ global scale and engineering prowess.
Michael Leiters, CEO of Porsche, added, “Porsche is taking another important step in its strategy to focus resolutely on its core business with the transfer of MHP to Tata Consultancy Services. At the same time, we are gaining a strategic partner in TCS. By combining Porsche’s automotive expertise with TCS’ digital technology and AI capabilities, we will further strengthen our innovative power, increase efficiency, and boost our competitiveness in an increasingly data and software-driven world of mobility.”
The deal between Porsche, MHP, and TCS, is valued at €1.25 billion. The proposed partnership and acquisition remain subject to regulatory approvals.
