Porsche SE acquires PTV Group

Porsche Automobil Holding SE (Porsche SE) has acquired traffic and transport specialist, PTV Group, for a purchase price in excess of US$338 million (€300 million) as part of a long-term investment strategy.
June 8, 2017 Read time: 1 min

1656 Porsche Automobil Holding SE (Porsche SE) has acquired traffic and transport specialist, 3264 PTV Group, for a purchase price in excess of US$338 million (€300 million) as part of a long-term investment strategy.

PTV Group develops software for transport planning and logistics and employs more than 700 people worldwide.  Over 2,500 cities use PTV products and its traffic simulation software was used at the Olympic Games in London. The European transport model project, Trimode, which encompasses all passenger transport and freight movements in Europe, is being developed using PTV software.

PTV sees growth opportunities in mobility as a service (MaaS) and has developed a program that covers a portfolio of technologies, from planning MaaS operations to the operation and control of MaaS worldwide and plans to make targeted investments in this market.

According to Vincent Kobesen, CEO of PTV Group the acquisition will allow PTV to remain independent and help it to reach its goals for the future. PTV’s current management team will continue to manage business operations.

GIS/ Mapping & Location Based Systems

For more information on companies in this article

Related Content

  • San Diego: Let there be (street)light
    March 30, 2020
    The influence of intelligent streetlights is spreading. David Crawford finds that San Diego’s deployment – and attendant legislation – may offer a blueprint for other cities going forward
    Read More
  • TM 2.0 boost TMC data feed and driver influence
    November 15, 2017
    TM 2.0 views connected vehicles and V2I as two-way communications channels, benefitting traffic management and drivers, as Alan Dron discovers. As connected vehicles are progressively rolled out there will come a point at which traffic managers and traffic management centres (TMCs) will have to gear up to cope with a rapidly-evolving road scenario. The TM 2.0 Platform (see box) is promoting a concept of new-generation traffic management (which carries the same TM 2.0 title) and is studying how future T
    Read More
  • Uber clean-up - those all-important facts and figures
    September 11, 2020
    Ride-hailing giant says it can switch to all-electric vehicles 'in any major city' by 2030
    Read More
  • UK set to lead the way for smart cities
    January 20, 2014
    Government, cities, businesses and universities are joining forces to make sure the UK is leading the global race to develop smarter cities. A new forum led by government, will see local authorities and businesses working together to ensure that growth opportunities are not missed in a market estimated to be worth more than US$400 billion globally by 2020. The Smart Cities Forum, co-chaired by Universities and Science Minister David Willetts and Cities Minister Greg Clark, will develop plans to support t
    Read More

Highlighted Content