GERMANY: PTV Planung Transport Verkehr announced on June 7 that it is being acquired by Porsche Automobil Holding for €300m, subject to regulatory approval.

Karlsruhe-based PTV Group supplies software for transport planning, management and logistics. It employs more than 700 people across 20 offices.

‘PTV Group operates at the interface of key trends we consider to be of particular relevance for the future development of the mobility landscape’, said Porsche’s executive board member for investment management Philipp von Hagen. ‘We see substantial growth potential in the area of optimising flows of people and goods.’

‘We have now found the right strategic investor for our company’, said PTV Group CEO Vincent Kobesen. ‘This allows us to remain independent and helps us reach our ambitious goals for the upcoming years.’