Frankfurt, June 12, 2017 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised the shareholders of PTV Planung Transport Verkehr AG, a leading provider of software for traffic planning and transport logistics, on the sale of approximately 97 percent of shares in PTV to Porsche Automobil Holding SE. The investment volume is more than 300 million euros.

PTV Planung Transport Verkehr AG, headquartered in Karlsruhe, employs around 700 people at 20 locations around the world. The software of the PTV Group is used in over 120 countries.

The acquisition is still subject to approval by the competent cartel authorities.

A Milbank team led by partner Michael Bernhardt comprehensively advised PTV Planung Transport Verkehr AG on all legal aspects related to the transaction.

Advisor to shareholders of PTV Planung Transport Verkehr AG: Milbank, Tweed, Hadley & McCloy LLP

Michael Bernhardt (lead, Corporate/M&A, Frankfurt), Matthias Schell (Tax, Munich), Alexander Rinne, Sebastian Dexheimer, Thomas Tiedemann, Leopold Riedl (all Corporate/M&A, Frankfurt), Jörg Schrade (Tax, Munich), Andreas Boos (both Antitrust, Munich)