# TCS reportedly agrees to buy Porsche IT unit alongside AI services deal

_Thursday, August 27, 2026 at 1:50 AM EDT · Products, AI · Latest · Tier 1 — Major_

CNBC reports that TCS has agreed to acquire Porsche's IT consulting business, MHP, for €320 million. The report says Porsche also signed a five-year, €1.25 billion contract for TCS to provide artificial-intelligence services. The supplied summary does not specify closing conditions or when the acquisition will close.

## Sources

- [Techmeme](https://www.techmeme.com/260827/p7#a260827p7)

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