VW division buys part of PTV | Smart Highways Magazine: Industry News

VW division buys part of PTV

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Volkswagen Financial Services has bought a majority share in PTV Truckparking which offers software for the planning and optimisation of traffic and logistics worldwide.

The company says the goal is to further expand the leading market position of Europe’s largest service and booking platform for truck parking spaces. In the meantime, the app has surpassed the one million download mark. PTV Group as a whole will stay heavily involved in the company.

Vincent Kobesen, CEO of PTV Group, added: “The transaction is a milestone in the short company history of Truck Parking Europe. We will be continuing along our strategic course of focused expansion of the brand-independent platform for truck parking. We are confident that our activities in the Smart Parking environment will benefit enormously from the network of Volkswagen Financial Services”. In the future, PTV will also provide the platform’s functionalities as added value integrated into its own route planning software.

On its platform app.truckparkingeurope.com PTV offers various services for truck drivers, planners, dispatchers as well as parking operators. These include the search for truck-appropriate parking locations, the consideration of parking stops in route planning, connect with fellow truck drivers, the possibility to claim and market secure truck parking spaces and to book and pay them online.

With the joint venture, VWFS and PTV Group say they want to further reinforce and expand their engagement with mobility services for the logistics community in Europe. “With the acquisition of Truck Parking Europe, we can perfectly complement our existing activities in the field of transportation and enhance our service offerings,” said Gerhard Künne, Head of the Mobility Unit at Volkswagen Financial Services.

 
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