Bridgepoint Acquires a Majority Stake in PTV Group
Porsche SE Retains Stake in the Company / New Investors Partnership to Drive Growth at PTV
The international Private Equity Investor Bridgepoint has acquired a majority stake in PTV Group. Porsche Automobil Holding retains a 40 percent stake in the company. The aim of the new investors partnership is to further expand the company's position as the world's leading software provider for intelligent and sustainable mobility.
Christian U. Haas, CEO of PTV Group says: „With these strong investors and partners behind us, we are setting the right course for a successful future. Smart mobility and transport concepts play a decisive role in shaping livable cities and a sustainable future. I am absolutely convinced that we will further expand our leading position in providing cities and companies with our world class solutions.”
“With Bridgepoint, we have a strong partner contributing a deep understanding of the relevant software market and vast experience in the development of businesses to lead PTV into a successful future”, explains Lutz Meschke, member of the board of management responsible for investment management at Porsche SE.
Carsten Kratz, Partner and Head of DACH at Bridgepoint, adds: „PTV meets Bridgepoint‘s criteria for responsible and sustainable investment. Additionally, the company can serve as a platform, to make further acquisitions in the field of intelligent mobility ecosystem management and to grow inorganically. With Christian U. Haas we have the right CEO on board to take PTV to the next level of growth.”
Bridgepoint is an international private equity group, headquartered in London. The focus of Bridgepoint’s investments is on businesses in the middle market that it supports in implementing their growth strategies and expansion plans.
The transaction, which is subject to regulatory approvals, is scheduled to complete by the end of 2021. The parties have agreed not to disclose the purchase price.
The PTV Group provides software and consulting to empower mobility and transport for a cleaner and smarter future. Its best-in-class software for intelligent traffic management and transport optimization enables decision-makers in politics, cities, industry, and trade save time and money, make roads safer, and protect the environment. PTV runs simulations to demonstrate today how tomorrow’s mobility, with all its ecosystems and dimensions, can be realized. From strategic transport planning to micromobility for the last mile.
The company was established in 1979. Today, approximately 900 employees worldwide work on future-oriented solutions to create intelligent and eco-friendly mobility for everyone.
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