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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.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Porsche to Buy All of IT Consultancy MHP
Click for more.
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.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.