MHP acquired by Tata Consultancy Services
Context
Tata Consultancy Services has entered into an agreement with Porsche AG to acquire 100% of MHP, transferring the automotive consulting business to a global technology group. The transaction forms part of a long-term strategic collaboration between TCS and Porsche aimed at accelerating digital transformation and the deployment of artificial intelligence across the automaker’s operations. The deal is driven by the complementarity between TCS’s technology and AI capabilities and MHP’s specialised expertise in automotive and industrial consulting. For TCS, the acquisition strengthens its presence in Germany and provides access to an established consulting platform serving European automotive and industrial customers. For Porsche, the transaction supports a sharper focus on its core automotive activities while retaining MHP as a strategic partner for its digital transformation. MHP will retain its brand and continue operating as an independent consulting business within TCS. The transaction remains subject to applicable regulatory and competition approvals.
MHP, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).
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Target
MHP is an international management and IT consulting firm specialising in business transformation, with a strong reputation for its expertise in the automotive industry. Headquartered in Ludwigsburg, Germany, MHP advises clients on strategic transformation, digitalisation, artificial intelligence, SAP transformation, industrial digitalisation and connected mobility. Its positioning combines deep industry knowledge with technological capabilities that translate digital innovation into operational applications and scalable industrial solutions. Historically closely associated with Porsche, MHP has developed extensive expertise in transforming the automotive value chain, particularly across manufacturing, supply chain, software and mobility. The company also serves clients in manufacturing, aerospace, defence, energy and the public sector, supported by an international operating footprint.
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 450M - 900M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: mhp
Acquirer: tata consultancy services