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

  • change in the US transportation sector
    February 6, 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
  • Panasonic acquires UK technology systems integrator
    June 21, 2016
    Panasonic Europe has announced the acquisition of Alan Dick Communications, a move which provides Panasonic with an opportunity to expand into the rapidly-growing rail market, incorporating mainline rail, London underground and other light metro infrastructure in the UK. The acquisition is part of Panasonic’s wider approach to provide turnkey solutions to its customers that include connectivity, hardware and software alongside engineering services. It also reflects the company’s continued commitment to
    Read More
  • Swarm data from mobile phone networks makes traffic flows more visible
    December 6, 2016
    Telecom subsidiary Motionlogic and software provider PTV Group have teamed up in a partnership in which Motionlogic provides traffic and people movement data, based on anonymised signal data from the mobile phone network. PTV Group then processes this data to provide urban transport planners with analysis that enables them to calibrate transport models and the current traffic situation and map travel demand in real time. In addition, there are also down-to-the-hour departure and arrival figures. By using
    Read More
  • The future of ITS post recession
    January 25, 2012
    ACS, A Xerox Company's Cees de Wijs talks about post-recession recovery and what we might expect to see in the coming years
    Read More

Highlighted Content