PTV extends cooperation with Gevas

German software provider PTV has taken a minority stake in Gevas software, a leading traffic engineering firm, further strengthening the companies' close ties. PTV has also acquired product rights for important ITS software components, while Gevas will be able to sharpen its profile as project and integration solutions partner.
March 22, 2012 Read time: 2 mins
German software provider 3264 PTV has taken a minority stake in 5845 Gevas Software, a leading traffic engineering firm, further strengthening the companies' close ties. PTV has also acquired product rights for important ITS software components, while Gevas will be able to sharpen its profile as project and integration solutions partner.

PTV says it will strengthen its position as a smart software company through this new cooperation. "Gevas software components complement and support our product portfolio," explains PTV Board member Dr.-Ing. Thomas Schwerdtfeger. "Our aim is to develop and further enhance open systems and standards so that they can be used for any system integrator."

Gevas founder and managing director Herwig Wulffius, Dr.-Ing. Gerhard Ploss (PTV) and Dr.-Ing. Frank Offermann (Gevas) have been appointed managing directors of Gevas software GmbH.

Both PTV and Gevas have extensive expertise in the ITS market and have worked on several common projects, such as dMotion in Düsseldorf, Germany, Vienna Region in Austria and traffic management for the city of Edmonton in Canada. The new cooperation is basically the continuation of the ITS Seamless Initiative (%$Linker: External 0 0 0 oLinkExternal www.its-seamless.com ITS Seamless false http://www.its-seamless.com/ false false%>) which was founded by both companies in 2010.
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