PTV Group's CEO says his company's acquisition of British company Distribution Planning Software International (DPS) will double revenue for its logistics software business in the UK, Sweden and South Africa.
It's announced the acquisition of the Birmingham-based company saying its DPS Route Optimiser product enhances the existing PTV product range by adding trip optimisation to its cloud solutions. Logistics companies now have easier access to powerful technology in today's connected environments.
Vincent Kobesen, CEO of the PTV Group, explained, "the integration of DPS, with all its employees, products and offices, into our group of companies has come at exactly the right time. It enables us to further extend the geographical coverage for our logistics software business in the UK, Sweden and South Africa, gaining new planning and optimisation products at the same time."
Both companies own international sales units which they say are mutually complementary. PTV has had its own office in Birmingham since 2013 and has set itself the objective of further growth, not only in the traffic sector, but also in transport logistics. To achieve this goal, the local sales and marketing presence in the UK and Scandinavia will undergo further expansion.
DPS is based in Birmingham, with additional offices in Sweden and South Africa. In future, these offices will market the range of solutions offered by both companies under the PTV Group flag.
"This takeover allows us to continue to strengthen our market position, especially in the UK, and double our existing revenue in this region," Kobesen added. DPS is now 100% owned by the PTV Group. All staff have been retained. We even plan to take on additional personnel. We guarantee to all customers that existing contracts and product service agreements will be continued. Later changes are possible but are not foreseen in the near future.
Paul Palmer as founder and previous owner of DPS said, 'DPS benefits from an extended reach and immediate access to a global market presence for its products. I am excited to be part of the PTV/DPS journey in my new role in the expanded business.' As a new PTV subsidiary they can operate in the market with a broader solution portfolio.
