Bridgepoint will acquire a majority stake in PTV Group, a global software company for traffic simulation and planning as well as provider of optimisation solutions for transport logistics. The previous owner Porsche Automobil Holding SE will retain a significant minority stake in the company.
With more than 40 years of experience in the fields of mobility and logistics, the Karlsruhe-based company provides software products including micro- and macroscopic modelling and simulation of traffic, real-time traffic management as well as data-based visualisation and analysis of traffic flows - to benefit more than 2,500 cities and municipalities - all based on proprietary traffic algorithms.
Carsten Kratz, Partner and Head of DACH at Bridgepoint, said, "It is fundamentally Bridgepoint's goal to invest in successful, sustainable companies in growth markets. With PTV, we are gaining a global leader for our portfolio that enables cities, municipalities, and other organisations to meet the social, environmental, and economic demands of our time. In addition, the company also represents the ideal platform to pursue further acquisitions in the field of intelligent mobility ecosystems."
Christian U. Haas, CEO of PTV Group, added: "Since I joined PTV almost two years ago, we have made considerable progress with the transformation of PTV into a software company with state-of-the-art cloud and SaaS competencies, generating a positive response from our customers. I am convinced that PTV will take a leading role in solving the challenges in the fields of mobility and logistics."
