PTV Group, Econolite, and Conundra Continue their Integration by Creating Two Strong and Distinct Businesses, Mobility and Logistics
Summary
KARLSRUHE, Germany & ANAHEIM, California & BRUSSELS, Belgium--(BUSINESS WIRE)--PTV, Econolite, and Conundra, along with backers Bridgepoint, the quoted private assets growth investor, and Porsche Automobile Holding SE (“Porsche SE”) announced today the further integration and strategic reorganization of PTV, Econolite, and Conundra into two strong and distinct businesses serving their respective end markets Mobility and Logistics. Abbas Mohaddes, Chairman of the Advisory Board, said “Our focus remains to be market and demand driven, offering superior products and services to better plan and manage our transportation systems, sensitive to desire and needs of users, travelers and alike. We are committed to embrace Environmental, Social, and Governance (ESG) in support of global Mobility for Humanity.” Carsten Kratz, Partner, and head of the DACH region at Bridgepoint, added “We made great progress during 2022 with the integration of PTV and Econolite, while acquiring Conundra and other enhancing assets. Econolite and PTV team members have already been working together closely and will continue in development of innovative products and services and go to market strategies.” Steven De Schrijver, Logistics group, Chief Executive Officer, added “ Our goal is to provide exceptional optimization tools, that meet and exceed the expectations of the global Logistics marketplace.” 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. For more information, visit https://lp.myptv.com/en/logistics Bridgepoint Group, PLC, is the world’s leading quoted private assets growth investor focused on the middle-market with over €30 billion AUM and a local presence in the US, Europe, and China.
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