Announced
Completed
Financials
Tags
Private Equity
Majority
Friendly
software solutions designer
Software
Private
Single Bidder
Germany
Acquisition
Cross Border
Completed
Synopsis
Bridgepoint, the quoted private assets growth investor, completed the investment in PTV Group, a global software company for traffic simulation and planning as well as provider of optimisation solutions for transport logistics, from Porsche Automobil, a corporation with investments in the automotive industry. Financial terms were not disclosed. "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," Christian U. Haas, PTV Group CEO.
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