Bridgepoint acquires a majority stake in PTV Group

Porsche SE retains stake in the company / New investors partnership to drive growth at PTV

PTV headquarters in Karlsruhe

 

Karlsruhe, October 19, 2021. The international Private Equity Investor Bridgepoint has acquired a majority stake in PTV Group. Porsche Automobil Holding SE 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.

 

Press contact
Stefanie Schmidt

Stefanie Schmidt

Phone: +49 721-9651-7451
Email: stefanie.schmidt@ptvgroup.com

About PTV Group

PTV. Empowering Mobility as part of Umovity.

PTV Group is a leading global software company for traffic planning, simulation, and real-time management. With more than 40 years of experience in the fields of mobility, the Germany-based company provides software products based on proprietary algorithms ranging from microscopic and macroscopic modeling and simulation of traffic to real-time traffic management, benefiting more than 2,500 cities and municipalities. Bridgepoint acquired a majority stake in the company in January 2022 in order to further accelerate its growth together with shareholder Porsche Automobil Holding SE. Since 2023 PTV Group and Econolite are united under the brand Umovity.


Umovity (PTV Group & Econolite). Mobility for Humanity.

Umovity is a global market leader for end-to-end traffic management and transportation technology that takes a holistic approach to provide safer, smarter, and more sustainable Mobility for Humanity. Uniting the best-in-class solutions for intelligent traffic management systems, cloud-based adaptive traffic control, real-time traffic management software, controllers, cabinets, and sensor products by Econolite, and simulation and predictive modelling software by PTV, Umovity enables innovators and decision makers in politics, municipalities, and industry to shape smart and livable communities, multimodal mobility, as well as Connected and Autonomous Vehicles (CAV). For more information, visit www.umovity.com .

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Christian U. Haas, CEO PTV Group

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