🤖 TCS to Acquire Porsche IT Unit MHP
Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated
What actually happened
Tata Consultancy Services will acquire Porsche AG's IT consulting subsidiary MHP for an enterprise value of €320 million. The acquisition is part of a wider strategic partnership that includes a five-year, €1.25 billion deal to deploy artificial intelligence across Porsche's engineering, manufacturing, operations and customer experience businesses.
Key points
- Tata Consultancy Services will acquire Porsche AG's IT consulting subsidiary MHP for an enterprise value of €320 million.
- The acquisition is part of a wider strategic partnership that includes a five-year, €1.
- 25 billion deal to deploy artificial intelligence across Porsche's engineering, manufacturing, operations and customer experience businesses.
Summary based on data provided by The Economic Times. Full article available at the original publisher.
- #ai
- #acquire
- #porsche