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

  • PTV Group launches add-in marketplace
    November 13, 2014
    PTV Group has launched the PTV Vision traffic add-in marketplace (link vision-traffic.ptvgroup.com/en/add-in), where its developers and users can discuss and learn about new features and functions of the company’s PTV Visum and PTV Vissim products and contribute their own add-ins. "In the last few years, a secondary market has built up around our transport planning software, where users of PTV Visum and PTV Vissim offer valuable functional extensions," said Dr Klaus Nökel, vice president Traffic Softwar
    Read More
  • Transport management systems market ‘offers opportunities for emerging players’
    May 23, 2017
    Dominance in the global transportation management systems (TMS) market lies with a few companies, despite which the market exhibits considerable opportunities for emerging players, according to a new report by Transparency Market Research (TMR). Currently, companies such as SAP SE, Oracle Corporation, Descartes Systems Group, JDA Software Group, and Manhattan Association hold dominance in the global transportation management system market, says the study. The report also identifies companies such as BluJa
    Read More
  • Peer-to-Peer carsharing in Europe projected to grow significantly
    August 24, 2012
    According to Frost & Sullivan, by 2020 more than 200 traditional carsharing organisations (CSOs) and another 24 Peer-to-Peer (P2P) CSOs are expected to take the European market for carsharing to new heights. More than 14 million new members are expected to use carsharing services in Europe by the same year, while three new sub-segments will emerge in the market: electric vehicle carsharing, corporate carsharing and one-way carsharing. While the new segments arise in particular due to continued urbanisation
    Read More
  • Regional, national managed enforcement for developing nations
    February 3, 2012
    Robot is offering nationwide enforcement services to both developed and developing countries.
    Read More

Highlighted Content