The sale of nearly 100 percent of PTV Planung Transport Verkehr AG (PTV AG), Karlsruhe, to Porsche Automobil Holding SE (Porsche SE), Stuttgart, announced in June, has now been completed. PTV AG is a leading provider of software for traffic planning and management as well as transport logistics. The transaction was subject to a condition precedent and was closed in early September 2017. The aggregate investment amounts to more than 300 million euro.
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.”
Further information on both companies can be found on Porsche SE’s homepage at www.porsche-se.com and on the PTV Group’s homepage at www.ptvgroup.com.
PTV is currently presenting its range of products and solutions at the NEW MOBILITY WORLD at the 67th International IAA Cars Motorshow in hall 3.1, stand no. B27.
- Porsche completes take-over of PTV.