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

  • Go Denver opens up a world of seamless mobility and better data-driven decisions
    June 5, 2017
    Denver’s pioneering Go Denver mobility-as-a-service app has attracted 7,000 users in a matter of months. Geoff Hadwick heard how at ITS International’s recent conference. If Mobility-as-a-Service (MaaS) is ever going to work, it needs to have “one universal platform everywhere” according to Sean Mackin, former manager of parking and mobility services at the Denver transportation and mobility department and now Colorado branch manager for ABM Parking & Transportation. Speaking at the recent MaaS Market confe
    Read More
  • 'Don't go from lockdown to gridlock', warns UITP
    July 29, 2020
    Coronavirus offers chance to rethink how we want to move about our cities, suggests report
    Read More
  • Ukraine turns to ITS to cope with traffic increases
    June 9, 2015
    With increasing road fatalities the Ukrainian government is planning to introduce ITS technology in 2016-2017. Eugene Gerden finds out more. The government of Ukraine is considering a massive introduction of ITS in the national system of traffic during the period 2016-2017, according to a recent statement by the Ukrainian Ministry of Transport. According to the Ukrainian government, implementation of the project is an acute need, as in recent years the number of road accidents in Ukraine has significantly
    Read More
  • change in the US transportation sector
    February 1, 2012
    Transportation for America's James Corless talks about the changes needed in the US's transportation policy. Anew report, 'Smart Mobility for a 21st Century America', highlights how improving efficiency through technology is critical as the US's population grows and ages, budgets tighten and consumer preferences shift.
    Read More

Highlighted Content