Porsche (Vz)

Porsche has found a buyer for the IT consultancy MHP and plans the sale as part of a group strategy to streamline subsidiaries. Completion of the deal is still subject to regulatory approvals. » Altro su rnd.de

Porsche is entering a five-year AI partnership with Tata Consultancy Services worth €1.25 billion and is simultaneously selling its consulting subsidiary MHP to TCS. MHP is valued at €320 million, and around 4,500 employees are expected to transfer to TCS; Porsche will remain a client. Regulators still need to approve, and the deal is expected to close in three to four months. The move is part of a broad corporate restructuring aimed at making costs more variable and sourcing digital capabilities externally. » Altro su t-online.de

Porsche and Tata Consultancy Services agree a five‑year AI partnership worth €1.25 billion to integrate AI into development, manufacturing, operations and the customer experience. As part of the agreement Porsche is selling its consulting arm MHP to TCS at an enterprise value of €320 million. The transaction still requires regulatory approval and is expected to close in three to four months. » Altro su de.investing.com