Bridgepoint buys majority stake in traffic software specialist from Porsche SE – ET Auto
Porsche SE, the largest shareholder in Volkswagen , said it would keep a 40% stake in the unit, whose software is being used by more than 2,500 cities and municipalities worldwide.
“It is Bridgepoint’s fundamental goal to invest in successful, sustainable companies in growth markets,” said Carsten Kratz, partner and head of Germany, Austria and Switzerland at Bridgepoint.
“With PTV, we are now gaining a leading global company for our portfolio that enables cities, municipalities and other organizations to meet the social, environmental and economic demands of our time.”
“It is Bridgepoint’s fundamental goal to invest in successful, sustainable companies in growth markets,” said Carsten Kratz, partner and head of Germany, Austria and Switzerland at Bridgepoint.
“With PTV, we are now gaining a leading global company for our portfolio that enables cities, municipalities and other organizations to meet the social, environmental and economic demands of our time.”
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