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Porsche completes acquisition of PTV

18 September 2017
 

German car-maker Porsche has completed its purchase of traffic planning software developer Planung Transport Verkehr (PTV).

The sale of nearly 100 % of Karlsruhe-based PTV to Porsche was announced in June. Porche’s investment amounts to more than €300m. Porsche intends to continue to operate PTV as an independent company.

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