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

  • 3M to acquire FSTech from Federal Signal Corporation
    June 22, 2012
    3M has entered into an agreement to acquire the business of Federal Signal Technologies Group (FSTech) from Federal Signal Corporation for a purchase price of US$110 million in cash, subject to post-closing adjustments. 3M says the fast-growing $3 billion electronic tolling industry is projected to grow at a rate greater than 12 per cent per year as government agencies increasingly rely on tolling to fund roadway infrastructure, construction and maintenance. The company says FSTech’s solutions for electroni
    Read More
  • The world was your Oyster
    November 5, 2021
    Embracing digital payments and transparent journey planning is key to changing traveller behaviour and accelerating integrated public transport, says Martin Howell of Worldline
    Read More
  • Dignity should be key measure of MaaS success
    December 4, 2020
    Money isn’t everything: what if we made dignity into the key measure of success for MaaS? Crissy Ditmore sets out her vision statement for the industry’s developers
    Read More
  • Federal Signal supplies all the elements of end to end tolling
    January 31, 2012
    Manfred Rietsch, group president of Federal Signal Technologies (FST), talks about the recent acquisitions forming FST and the organisation's plans for the future. "Our philosophy is going to be about open access" Federal Signal has been on a buying spree. An energetic policy of acquisition over the past few months has seen the company reposition itself as an end-to-end provider of Electronic Toll Collection (ETC) systems with what it states is a portfolio of proven, best-in-class technologies which will al
    Read More

Highlighted Content