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

  • Private equity firm to acquire American Traffic Solutions
    April 19, 2017
    Investment firm Platinum Equity is to acquire Arizona-based American Traffic Solutions (ATS). Financial terms of the transaction were not disclosed. ATS provides road safety cameras and toll and violations management solutions throughout North America. The company has more than 3,500 installed school bus stop arm, red-light and speed safety cameras serving more than 30 million people. ATS’s Fleet Services business provides both toll and violation management solutions to fleets and rental customers. Accordin
    Read More
  • Brown Traffic Products acquires Siemens traffic signals
    October 7, 2013
    Iowa, US, based Brown Traffic Products is to acquire certain assets of the traffic signal and cabinet manufacturing business units operated by Siemens in Austin, Texas. Siemens will remain focused on its traffic management systems and controller business. Upon the close of the acquisition, the 82 employees of Siemens’ manufacturing units will be integrated into Brown Traffic Products. Brown will maintain the Austin facility along with the other Brown locations in the Midwest. Financial terms of the trans
    Read More
  • Cubic wins mobile ticketing contract for Rhein-Sieg Region, Germany
    November 24, 2017
    Cubic Transportation Systems (CTS) has been awarded a mobile ticketing contract for Germany’s Rhein-Sieg area which includes Cologne, to enable customers to purchase tickets and manage their online accounts. It will support transport operator Kölner Verkehrs-Betriebe AG (KVB) is valued €920,000 (£819,000) for five years plus an estimated €600,000 (£534,000) in transaction fees.
    Read More
  • Verra Mobility to buy Redflex for $113m
    January 22, 2021
    Deal is set to go through in May and will create 'enhanced global reach', says Verra
    Read More

Highlighted Content