Porsche has agreed to sell its management and IT consulting unit, MHP, to Tata Consultancy Services (TCS) at an enterprise value of €320m ($373.4m).
In a statement, the German automaker said the deal is “taking another major step in focusing on its core business”.
The transaction, part of Porsche’s Sportwagenschmiede 35 plan, will see a TCS subsidiary acquire full ownership of MHP Management- und IT-Beratung.
MHP has been a wholly owned subsidiary of Porsche AG since it was incorporated on 13 May 1996.
The consulting business generated revenue of €828m in 2023 and €830m in 2024, before declining to €742m in 2025.
In addition to Germany, it operates through subsidiaries in Romania, the UK, the US, India and Mexico.
Alongside the divestment, the two companies have agreed to a five-year strategic partnership worth €1.25bn, centred on digital technology and artificial intelligence.
Porsche executive board chairman Michael Leiters said: “By combining Porsche's automotive expertise with TCS's digital technology and AI capabilities, we will further strengthen our innovative power, increase efficiency and boost our competitiveness in an increasingly data- and software-driven world of mobility.”
As part of the AI alliance, TCS will establish an AI Mobility Centre of Excellence dedicated exclusively to Porsche, with responsibility for developing and expanding AI-driven applications across manufacturing, engineering, operations and customer experience.
TCS CEO and managing director K Krithivasan said: “As AI, software and data redefine the automotive industry, this partnership brings together TCS’ capabilities in AI, engineering and technology and business transformation with MHP’s strong automotive consulting expertise.
“Together, we will industrialise AI at scale for Porsche, accelerating innovation across the value chain to deliver intelligent, software-defined mobility experiences of the future.”
MHP will retain its current brand identity and continue to operate as a separate entity.
The unit, which employs more than 4,500 people worldwide, has been Porsche's strategic partner for more than three decades – a relationship that, Porsche said, will continue under the new ownership structure.
The deal remains subject to standard regulatory and antitrust approvals and is expected to be finalised in the coming months.
The MHP disposal comes amid a broader restructuring push at Porsche.
In July, the carmaker decided to cut a further 5,000 jobs by 2035, bringing the total planned reductions at the sports car maker to 9,000 positions.
On the financial side, Porsche reported that consolidated revenue fell to €17.23bn, down from €18.16bn, even as group operating profit rose to €1.35bn from €1.01bn.
Vehicle deliveries declined to 122,306 units against 146,391 in the prior year, and the proportion of sales accounted for by fully electric models eased to 19.4%, from 23.5% previously.
