Porsche has bought the traffic and transport modelling specialist, PTV PTV Group for more than '300 million, saying the acquisition is part of a long-term investment strategy as it sees considerable growth potential in the optimisation of the flow of people and goods.
It adds that this is "precisely where PTV's core competence lies."
Vincent Kobesen, CEO of PTV Group, says he welcomes Porsche's entry, "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."
PTV Group, which employs more than 700 transport specialists worldwide, has seen double-digit growth rates in the past few years, generating '93 million in 2015/16 with the next figures promising to be more than '100 million.
The experienced management team at PTV will continue to manage business operations.
PTV says there is currently a strong demand worldwide for state-of-the-art technology in the trendy sector of mobility. Over 2,500 cities already use PTV products. Over one 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.
In a statement the company adds that vehicle manufacturers, service providers, logistics service providers, technology suppliers and urban planners are also interested in new mobility services such as MaaS (mobility as a service). PTV has developed a special program for MaaS that covers a whole portfolio of technologies ' from planning MaaS operations to the operation and control of MaaS worldwide. PTV plans to make targeted investments in this forward-looking topic.
Picture shows Philipp von Hagen, member of the executive board of Porsche SE, and Vincent Kobesen, CEO of PTV Group.
