Target entity: MHP Management- und IT-Beratung GmbH (with its subsidiaries)
Current owner: Porsche AG
Financial advisor: Deutsche Bank AG
Legal counsel: Noerr
Purpose and Rationale
Strategic partnership between TCS and Porsche to drive AI transformation anchored in next-generation manufacturing technologies and software-defined mobility
Acquisition will anchor a long-term AI transformation partnership
TCS will establish a dedicated AI Mobility Centre of Excellence for Porsche
Partnership will focus on industrializing AI across Porsche's engineering, manufacturing, operations, customer experience and enterprise transformation
Strengthens TCS' presence in German market and European automotive/industrial customers
Financial and Operational Impact
100% ownership acquisition of MHP
Cash consideration payment
MHP business areas: business consulting, digital transformation, AI, SAP transformation, manufacturing digitalization, connected and software-defined mobility
MHP geographic presence: Germany, Romania, UK, USA, India, Mexico through subsidiaries
Not a related party transaction; promoter/promoter group/group companies have no interest in acquired entity
Capital Structure Impact
Acquisition through wholly-owned subsidiary, no direct dilution of TCS share capital
100% ownership of MHP post-acquisition
Forward-Looking Elements
Partnership aims to position TCS as strategic consulting and technology partner for Porsche and broader European automotive/industrial customers
Collaboration structured around three pillars: scaling AI execution, creating platform for long-term value creation, and acquiring MHP
Expected to enhance Porsche's innovative power, increase efficiency, and boost competitiveness
