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

  • Eberle sold to private equity
    June 15, 2022
    Vance Street Capital continues ITS investment with traffic control systems manufacturer
    Read More
  • Econolite and Sensys Networks expand collaboration
    April 7, 2015
    Econolite and Sensys Networks have expanded their current sales and distribution agreement to offer customers in more regions new options for ITS. As part of the contract, Econolite will private-label and offer the Sensys Networks wireless vehicle detection system, including in-ground vehicle and bicycle detection sensors, software and accessories in select North American markets. The expanded agreement will provide more of Econolite’s customers with a turn-key integrated in-ground vehicle detection solutio
    Read More
  • Evolving technology - debating the future of the ITS industry
    January 25, 2012
    Harry Voccola talks to ITS International about where he sees the intelligent transportation industry heading
    Read More
  • PTV works with partners to develop transport modelling software for AVs
    January 24, 2019
    PTV, a member of the CoEXist European research project, has announced the development of transport modelling software which it says is ready for automated vehicles (AVs). CoEXist is a three-year project which focuses on the interaction between semi-automated and conventional vehicles in the transition to fully-AV fleets. It is funded under the Horizon 2020 framework programme of the European Commission with a budget of €3.5 million. Four cities are involved: Gothenburg (Sweden), Stuttgart (Germany),
    Read More

Highlighted Content