Tata Consultancy Services has agreed to acquire Porsche’s IT consulting business, MHP, for €320 million, according to CNBC as aggregated by Techmeme. The reported acquisition is part of a broader five-year contract under which TCS will provide AI services to Porsche. CNBC reports that Porsche signed a five-year contract worth €1.25 billion. The Techmeme summary identifies MHP as Porsche’s IT consulting business and frames the unit sale as connected to that services agreement. The provided material does not say whether the acquisition has closed, what approvals may be required, or which parts of MHP’s operations are included. Based on the available reporting, the transaction is an agreement rather than a completed transfer. For TCS, the reported structure pairs an acquisition with a long-duration services commitment from a major automotive customer. For Porsche, the deal would move its IT consulting business to TCS while locking in AI services over five years. The key numbers are straightforward but still single-sourced in this cluster: €320 million for MHP and €1.25 billion for the five-year Porsche contract. No provided source disputes those figures. Who benefits: TCS benefits if the acquisition and services contract proceed as reported, gaining MHP and a five-year Porsche AI services mandate. Porsche gets a long-term AI services arrangement with TCS. Who's exposed: The provided reporting does not identify competing vendors, affected employees, or integration risks. The main exposure disclosed here is execution: TCS and Porsche must deliver on a large, multi-year services arrangement.