TCS to acquire Porsche arm for $373 million, inks $1.4 billion deal

TCS to acquire Porsche tech subsidiary MHP for $373 million in mega AI dealBENGALURU: In a mega deal that boosts its manufacturing and AI playbook, TCS will acquire MHP Management, the consulting and technology subsidiary of German sports car maker Porsche, for $373 million. The transaction will also anchor a five-year strategic partnership worth $1.4 billion.The partnership will focus on driving AI-led transformation across Porsche's engineering, manufacturing, operations, customer experience and enterprise functions, while also developing next-generation automotive technology services and software-defined mobility platforms.Porsche said the decision is part of its "Sportwagenschmiede 35" strategy, which aims to strengthen profitability and cash flow through 2035. The sports car manufactu