Porsche SE completes acquisition of PTV

The sale of nearly 100 percent of PTV Planung Transport Verkehr (PTV), Karlsruhe, to Porsche Automobil Holding (Porsche SE), Stuttgart, announced in June, has now been completed.  PTV provides software for traffic planning and management and transport logistics.

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."