TCS Signs $1.4 billion 5-Year Deal with Porsche AG

Tata Consultancy Services signed a five-year deal with Porsche AG worth $1.45 billion. TCS also acquired the automaker’s IT arm, MHP, for $373.4 million. "We think that MHP is in much better hands in TCS," said Michael Leiters. This partnership aims to boost global scale for both companies through digital transformation.