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

  • Connecting people and mobility
    February 3, 2012
    Stéphane Petti, Business Development Manager - Automotive, at Orange Business Services' International M2M Center, says that the ITS industry can no longer afford to ignore the telecommunications industry's role in connecting people and mobility services. To telephone companies (telcos), the Machine-to-Machine (M2M) sector is nothing new. Worldwide, they have been focusing considerable attention on M2M in all its sub-segments for several years now. It is the migration of M2M from fixed to wireless connectivi
    Read More
  • Bringing AI into ITS: Artificial realities
    May 21, 2025
    AI can have a positive transformative effect on transportation safety and efficiency – but if you want creativity you still need a person, says Huawei
    Read More
  • innovITS ADVANCE facility transferred to MIRA
    April 12, 2013
    The operation of the UK’s innovITS-ADVANCE facility, dedicated to the testing and demonstration of cooperative vehicle infrastructure systems, has been transferred to automotive design and development organisation MIRA. The transition is being made to provide the most sustainable future for this important ITS resource and assure its continuing success. In the five years since its inception, innovITS-ADVANCE has delivered a world class facility that is purpose-built for testing telematics systems. The comb
    Read More
  • Directed acquires Alcohol Detection Systems to expand its business
    January 23, 2018
    Security and control telematics company Directed will now maintain Alcohol Detection Systems’ (ADS’) Determintaor product line as part of an acquisition to expand their ignition interlock devices (IIIDs) business. The solution is designed to ensure that the driver must pass a breathalyser test before starting their car.
    Read More

Highlighted Content