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

  • Aimsun helps use community intelligence to improve mobility
    July 23, 2024
    A paradigm shift from traditional to data-driven community-aware transport solutions has guided development of cooperative transport management strategies in the FRONTIER research project
    Read More
  • Michael Hurwitz and Pedro Mourisca to attend ITS International’s MaaS Market
    February 1, 2018
    Michael Hurwitz, director of transport innovation at Transport for London, and Pedro Mourisca, CEO of Via Verde in Portugal, are the latest additions to ITS International’s second MaaS Market - Concept to Delivery conference, on the 20 – 21 February. The London event will focus on the progress being made and obstacles faced by MaaS projects across Europe.
    Read More
  • Government ‘must invest in training to make electric cars affordable for all’
    November 21, 2016
    Ahead of the Autumn Statement this week a motor industry body is calling on the UK Government to make a US$37 million (£30 million) investment in specialist electric and hybrid vehicle training for thousands of maintenance and repair technicians in the independent retail sector. The Institute of the Motor Industry (IMI) believes the investment is crucial to support the public switch to ultra low emission vehicles (ULEV). The IMI says the Government will need to spend a proportion of the £600m it has se
    Read More
  • Underinvestment in infrastructure threatens economic growth
    January 24, 2012
    The 2011 Urban Mobility Report from the Texas Transportation Institute highlights the dangers of continued underinvestment in transportation infrastructure but also offers some hope in terms of possible solutions
    Read More

Highlighted Content