Photo: Member of the executive board of Porsche SE Philipp von Hagen (L) with CEO of PTV Group Vincent Kobesen.
Porsche Automobil Holding SE (Porsche SE) is taking over traffic and transport specialist PTV Planung Transport Verkehr AG (PTV Group), for a purchase price in excess of 300 million euro. More than 700 mobility experts work for PTV Group worldwide. The company develops software and provides expertise for transport planning and logistics.
The acquisition is part of a long-term investment strategy and Porsche SE sees considerable growth potential in the optimization of the flow of people and goods.
CEO of PTV Group Vincent Kobesen welcomed Porsche SE’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 has seen a positive revenue development and attained double-digit growth rates in the past few years. The company generated 93 million euro in the past fiscal year 2015/16 (ends on 31 March). The financial statements for 2016/17 will be presented very shortly. Kobesen adds: “For the first time in company history, we will cross the 100 million euro hurdle.”
The management team at PTV will continue to manage business operations. Further growth is projected.
There is currently a strong demand worldwide for mobility technology. 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.