TCS to Buy Porsche's IT Consulting Unit MHP for 320 Million Euros

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Indian IT giant Tata Consultancy Services (TCS) has announced plans to acquire MHP, the IT consulting arm of German automaker Porsche. The deal is valued at 320 million euros and marks a significant cross-border technology acquisition. The acquisition is part of a broader strategic partnership between TCS and Porsche, spanning five years and worth 1.25 billion euros in total. The move is expected to strengthen TCS's foothold in the European automotive technology consulting space.

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