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

  • Hyperloop: from sci-fi to transport policy
    April 16, 2020
    The future is here. While it has long looked like something from a sci-fi movie, Graham Anderson investigates a technology whose time might have come.
    Read More
  • ISS announces 2017 first half financial results
    August 11, 2017
    Image Sensing Systems (ISS) has announced results for its second quarter and first half ended 30 June 30 2017. ISS’s revenue for the first half of 2017 was US$6.6 million, a 17 per cent decrease from revenue of US$7.9 million in the first half of 2016. Sales gross margin for the first six-months of 2017 was 78 per cent, a two per cent increase from the prior year period. The increase in gross margin was the result of a higher percentage of revenue from royalties, improved product sales gross margin and a
    Read More
  • Tritium unveils European headquarters in Amsterdam
    March 14, 2018
    Australia-based Tritium has announced the opening of a European headquarters in Amsterdam as part of a strategic development plan to bring its services and the manufacturing of its electric vehicle (EV) fast-charging solutions closer to clients around the world. Additionally, the facility will manage its sales programme across the territory and house a training and accreditation unit for technical servicing and support. It can also customise the company’s product range to meet local market needs and spe
    Read More
  • Reporting on the direction of the US's ITS research effort
    January 19, 2012
    The US ITS Joint Program Office has been working with industry stakeholders to help define the form of future research projects. Here, the Office's James Pol discusses progress and future goals
    Read More

Highlighted Content