Porsche to Buy All of IT Consultancy MHP

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Porsche said today in Stuttgart that it will take over all shares in the MHP GmbH by January 2024. Already the majority owner, Porsche said it intends to use the growth potential of the management and IT consultancy MHP. Ralf Hofmann, co-founder, shareholder and Chairman of the Board of Management, held 18.2% of the shares. Hofmann will remain at the helm of MHP as CEO.

The global auto industry is in the midst of a digital transformation after a century of blacksmithing metals. Internal processes, customer interactions, computer-based charging or other services are all becoming competitive requirements. (AutoInformed: Porsche Opens Digital Lab to Explore IT Innovations)

“We have big plans for MHP,” said Lutz Meschke, Deputy Chairman of the Executive Board of Porsche AG and Board Member for Finance and IT. “We want MHP to continue to experience strong growth, including in additional technological fields such as Software as a Service. We are also open to further acquisitions.”

The MHP Strategy 2030 as stated

Digitalization is a future factor that holds great potential in an increasingly volatile world. The overall corporate purpose of the management and IT consultancy MHP remains unchanged by Strategy 2030.MHP can look back on a long history and has been growing consistently and sustainably for more than 27 years since it was founded in Karlsruhe-Ettlingen in 1996. Porsche AG held a 51% stake in the management and IT consultancy by 1998. In 2011, Porsche increased its stake to 81.8%. In 2024, it will be 100%. MHP has always been evolving from an SAP (System Analysis Program Development aka SAP in geek speak)  implementation partner to an established process and IT consultancy to a leading, globally active management and IT consultancy.