# TCS approves €320 million acquisition of Porsche IT subsidiary MHP

_Monday, August 24, 2026 at 7:59 AM EDT · Products · Latest · Tier 1 — Major_

![TCS approves €320 million acquisition of Porsche IT subsidiary MHP — Primary](https://im.rediff.com/money/2018/nov/02tcs.jpg?fr=money)

Tata Consultancy Services has approved the acquisition of Porsche AG subsidiary MHP Management- und IT-Beratung GmbH for an enterprise value of €320 million, PTI reported, citing a TCS regulatory filing.

The transaction would give TCS full ownership of the management and IT consultancy through Tata Consultancy Services Netherlands BV. It is part of a five-year strategic partnership valued at €1.25 billion. Completion is expected in three to four months, subject to approvals from the European Commission and authorities in Germany and Romania.

## Sources

- [Rediff Money](https://money.rediff.com/news/market/tcs-acquires-porsche-s-mhp-for-320m-1-25b-strategic-deal/53077720260824)

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