Porsche buys PTV Group
Porsche Automobil Holding has bought the traffic and transport specialist PTV Group for a purchase price in excess of €300m. PTV Group develops software and provides expertise for transport planning and logistics. Porsche SE said that it “sees considerable growth potential in the optimization of the flow of people and goods and this is precisely where PTV’s core competence lies”.
Vincent Kobesen, CEO of PTV Group, said: “We have now found the right strategic investor for our company. This allows us to remain independent and helps us reach our ambitious goals for the upcoming years.”
Over 2,500 cities already use PTV products and more than a million vehicles daily make transport runs planned with PTV software. PTV’s traffic simulation software was used at the Olympic Games in London. And the European transport model, which encompasses all passenger transport and freight movements in Europe (EU Commission project Trimode), is developed using PTV software.
