Private equity investor Bridgepoint has acquired a 40% stake in PTV with the aim of further expanding the software provider’s position in intelligent and sustainable mobility.
PTV CEO Christian U. Haas 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.”
Carsten Kratz, 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.”
As part of the deal, Porsche Automobil Holding retains a 40% stake in the company.
The transaction, which is subject to regulatory approvals, is scheduled to complete by the end of 2021.
