Porsche SE completes acquisition of PTV

The sale of nearly 100 percent of PTV Planung Transport Verkehr (PTV), Karlsruhe, to Porsche Automobil Holding (Porsche SE), Stuttgart, announced in June, has now been completed. PTV provides software for traffic planning and management and transport logistics.
September 15, 2017 Read time: 1 min

The sale of nearly 100 percent of PTV Planung Transport Verkehr (PTV), Karlsruhe, to Porsche Automobil Holding (Porsche SE), Stuttgart, announced in June, has now been completed.  PTV provides software for traffic planning and management and transport logistics.

Porsche SE intends to continue to operate the business as an independent company. PTV Group's current financial year (31 March) will be changed to accord with the calendar year.

Vincent Kobesen, CEO of PTV, is pleased to confirm the closing of PTV AG's acquisition by Porsche SE. "We have thus clearly organized the ownership structure with a view towards the future. This allows us to further expand our market position as the leading provider of software solutions for planning and optimization of traffic and transport logistics throughout the world."

GIS/ Mapping & Location Based Systems

Related Content

  • WiLAN to acquire International Road Dynamics
    April 20, 2017
    Canadian patent licensing company WiLAN is to acquire intelligent transportation systems (ITS) supplier International Road Dynamics for an equity value of approximately US $47.4 million (CA$63.5 million). The acquisition is part of WiLAN’s growth strategy which will see it operate under the Quarterhill name from around the beginning of June 2017.
    Read More
  • PTV wins award from Microsoft Germany
    March 22, 2012
    ‘Chancenrepublik Deutschland’ has introduced the Cloud 4 Society Award to honour innovative start-ups and businesses. PTV has been selected as was one of this year's winners in the eCommerce & Line of Business category for its online transport routeplanner, map&guide, the first cloud-based transport route planner, launched on 1 March, 2012.
    Read More
  • Tactile Mobility's virtual virtuous circle
    January 25, 2021
    Virtual sensors will allow a safer driving experience and reduce road maintenance costs. Tactile Mobility’s Eitan Grosbard talks to David Arminas about what once seemed 'pure sci-fi'...
    Read More
  • Britain's first Bio-LNG filling station launched
    May 24, 2013
    The UK's first open access Bio-LNG filling station, built by Gasrec , has been launched, marking the start of a nationwide investment in infrastructure seeking the ultimate prize of wiping out nearly two-thirds of the nation's heavy goods vehicle (HGV) emissions. Gasrec's ground-breaking new facility in Daventry is the first of its kind. It will lead to significant cuts in pollution and fuel costs; allow gas-powered or dual-fuel trucks to use Bio-LNG; and will operate in a similar way to a traditional petr
    Read More

Highlighted Content