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TCS Acquires Porsche's Consulting Arm MHP in Rs 3,700 Crore Deal

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Tata Consultancy Services (TCS) has announced the acquisition of MHP, a subsidiary of German automaker Porsche AG, in a deal valued at approximately Rs 3,700 crore. MHP is an automotive and industrial consulting firm headquartered in Germany, specializing in business transformation and artificial intelligence. The deal is not about TCS entering the automobile manufacturing space, but rather expanding its consulting and technology services portfolio. The acquisition strengthens TCS's presence in the automotive consulting sector, leveraging MHP's established expertise and client base. This move is seen as a strategic step by TCS to deepen its foothold in the European automotive and industrial consulting market.

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