Bridgepoint-backed PTV Group completed the acquisition of Conundra.

Bridgepoint-backed PTV Group, a company specializing in software and consulting services for traffic and transportation, mobility, and logistics, completed the acquisition of Conundra, a route planning software provider. Financial terms were not disclosed. “Conundra is a dynamic, fast-growing company. Their founders Steven De Schrijver and An De Wispelaere have shared a profound passion for optimization for many years and succeeded in bringing a solution to the market that stands out for its algorithms and speed. I’m excited about this new endeavour for Conundra and PTV. From now on, the smartest minds in logistics software development will be working together, continuing to deliver highest quality solutions, and taking transport planning processes to the next level,” Christian U. Haas, PTV Group CEO.