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

Related Content

  • March 28, 2014
    Q-Free strengthens ATMS business
    Q-Free has strengthened its position in the market for advanced transportation management systems with the signing of a share purchase agreement for the acquisition of intelligent transportation systems (ITS) supplier TDC Systems for an estimated cash and equity consideration of US$16.6 million dependent on future financial performance. Established in 1998, TDC Systems comprises TDC Systems in the UK and its sister company TDC Systems in Australia, both of which are owned by founder and managing director
    Read More
  • April 25, 2012
    PTV wins first ITS contract in Russia
    Russian company Tolltec is currently implementing ITS technology to optimise the high traffic volumes on the 115km-long St. Petersburg's ring motorway that stretches around the whole city. As part of this project, PTV software, including the company's TrafficCountManagement and VISSIM, is part of the ITS technology used for St. Petersburg's ring road.
    Read More
  • February 9, 2017
    PTV sets its sights on Smart City solutions
    Making a city smarter not only relies on understand technological opportunities but also human decision-making, as Miller Crockart explains. Cities are about people – a fact that can easily be forgotten when experts talk about roads, healthcare and education as though they are abstract and unconnected monoliths rather than things people use. Understanding how and why people use services is vital for making decisions on how they can be optimised for maximum efficiency across inter-connected networks that for
    Read More
  • October 19, 2015
    PTV launches latest Visum 15 software
    The new release of PTV’s transport planning software, PTV Visum 15, is said to set new standards in multimodality and allow even more sustainable transport planning. New functions available in the software include the ability to analyse the demand, quantity and placement of park and ride (P+R) sites, enabling users to evaluate existing and future capacities. To allow users to model cycle and vehicle route-planning, PTV has enhanced the stochastic assignment so that path-level impedance elements can now be r
    Read More

Highlighted Content