Tata Consultancy Services (TCS) has signed a strategic $1.5 billion agreement to acquire Porsche's IT subsidiary, MHP, for €320 million.
The partnership focuses on accelerating AI-powered mobility solutions and integrating advanced automotive software into TCS's global service portfolio.
This acquisition marks a major expansion for TCS in the European automotive sector, aiming to leverage MHP's expertise in electric vehicle (EV) technology.