Porsche SE Seeks Acquisitions

CEO Martin Winterkorn says Porsche Automobil Holding SE is looking for "strategic investments" in midsize companies with experienced management in Germany and abroad.

Porsche seeks to broaden its portfolio of assets, which include 50.7% of Volkswagen AG's common shares, Porsche Design Group and several engineering and consulting firms. The holding company completed the sale of its namesake sports car unit to Volkswagen AG for about €4.5 billion last August.

Porsche SE used some of the proceeds to repay about €2 billion in debt. The company said last summer it aims to use some of its remaining cash to make investments "along the automotive value chain," including energy trading and real estate.