Distribution Planning Software International (DPS), in Halesowen, has been purchased for an undisclosed sum by PTV Group.
PTV, based in Germany, specialises in logistics and traffic planning and the deal strengthens its presence in the UK market. The deal is its first UK acquisition.
The deal is considered complementary as both PTV Group and DPS supply software to the transport logistics market and plan to expand further the international market coverage of their products.
Vincent Kobeson, CEO of PTV Group, said the range of software solutions provided by both firms would grow as a result of the deal. Employee growth is also planned.
"The integration of DPS, with all its employees, products and offices, into our group of companies has come at exactly the right time. It enables us to further extend the geographical coverage for our logistics software business in the UK, Sweden and South Africa, gaining new planning and optimisation products at the same time," he said.
The DPS Route Optimiser product enhances the existing PTV product range by adding trip optimisation to its cloud solutions. The solution is expected to offer logistics companies easier access to powerful technology.
“Both companies own international sales units, which are mutually complementary. PTV has had its own office in Birmingham since 2013 and has set itself the objective of further growth, not only in the traffic sector, but also in transport logistics,” added Mr Kobeson.
Paul Palmer, founder of DPS, said:
“DPS benefits from an extended reach and immediate access to a global market presence for its products. I am excited to be part of the PTV/DPS journey in my new role in the expanded business.”
DPS has additional offices in Sweden and South Africa. In future, these offices will market the range of solutions offered by both companies under the PTV Group flag.
PTV, headquartered in Karlsruhe, employs 700 people worldwide. The company has an annual turnover of more than €100m.