๐ฐ TCS buys Porsche's tech arm for big bucks
Tata Consultancy Services (TCS) has successfully acquired MHP Management, which was the IT consulting arm of Porsche. The deal was finalized with TCS taking over MHP Management from Porsche. Financially, the acquisition valued MHP Management at โฌ320 million. MHP Management provided specialized IT consulting services to various industries across Europe. This move signals TCS's continued expansion and deeper penetration into high-end automotive tech sectors.