Econolite and PTV Group Join Forces to Leverage Growth Potential in the Global Market for Smart and Sustainable Mobility Solutions
Summary
The holding will serve as the platform for active innovation and consolidation in the market for smart and sustainable mobility solutions to capture the large growth potential of the sector. As the one-stop-shop leader in traffic management systems, Econolite is engaged in, and committed to, the advancement of connected and autonomous vehicles, smart cities, and cybersecurity. This will benefit our customers, our brand, our employees, and most importantly the traveling public which is the essence of establishment of this partnership.” Christian U. Haas, CEO of PTV, added: “Econolite is a great company with an outstandingly strong position in the North American market for smart mobility solutions. With nearly 1000 employees primarily in North America, Econolite drives innovation in traffic management and safety solutions including connected and automated vehicles research and development. Bridgepoint Group PLC is the world’s leading quoted private assets growth investor focussed on the middle-market with over €30 billion AUM and a local presence in the US, Europe and China.
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