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

  • ORR launches consultation on monitoring strategic roads network
    March 27, 2015
    The Office of Rail and Road (ORR) has launched a public consultation setting out its proposed approach to a new monitoring regime to track Highways England’s performance in delivering its major roads investment programme. The consultation also sets out ORR’s strategic objective on securing improved performance and value for money from the strategic road network, and explains how ORR will hold Highways England to account. ORR is seeking comments from all interested parties by 19 June 2015. Last year th
    Read More
  • Jenoptik sees value in international outlook
    June 13, 2024
    Technology is always changing in the traffic management sector. Tobias Deubel of Jenoptik talks to Adam Hill about the past, the future – and the importance of global partnerships
    Read More
  • Island Radar: safely crossing continents
    August 6, 2020
    There is a safety flashpoint wherever roads cross over railways. Island Radar is using well-established traffic technology to keep all parties safe from harm.
    Read More
  • Call for a new vision for ITS in America
    February 1, 2012
    An ITIF report published at the beginning of this year stated that America is falling behind other developed nations in terms of ITS technologies and their deployment to address safety, congestion and environmental challenges. The report asked for a stronger commitment from the US federal government (see 'Just crawling along', interview with senior ITIF analyst Stephen Ezell, ITS International March-April 2010, pp.NA1-NA2) in order to address what it sees as increasing disparities with other countries. The
    Read More

Highlighted Content