RCS - PSI Software SE - PSI sells the Mobility business unit

PSI Software SEAnnouncement

23/12/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241223:nRSW0918Ra&default-theme=true

RNS Number : 0918R  PSI Software SE  23 December 2024

 PSI Software SE / Key word(s): Disposal/Strategic Company Decision

PSI sells the Mobility business unit

23-Dec-2024

Disclosure of an inside information acc. to Article 17 MAR of the Regulation
 (EU) No 596/2014, transmitted by EQS News - a service of EQS Group.

The issuer is solely responsible for the content of this announcement.

PSI sells the Mobility business unit

Berlin, December 23, 2024 - PSI Software SE, Berlin, is selling 100% of the
 shares in its subsidiary PSI Transcom GmbH, in which the main parts of the
 Mobility business unit are concentrated, to Altamount Software GmbH, an
 investment platform belonging to CHAPTERS Group AG. PSI Transcom GmbH is a
 software provider with around 100 employees and a focus on mobility solutions
 for optimal personnel and vehicle availability in transportation companies.
 With this step, PSI is continuing its focus on industrial software for network
 and energy management, process industry and steel, discrete manufacturing and
 logistics.

As part of the PSI Reloaded strategy, the PSI Executive Board has announced
 that it will pursue an active portfolio strategy. This lays the foundation for
 long-term sales and earnings growth and consistent capital allocation.

The PSI Executive Board would like to thank both the employees and the
 management team of PSI Transcom GmbH for their many years of loyalty and
 commitment to PSI. It will do its utmost to support Altamount Software GmbH in
 taking over the Mobility business unit completely.

The integration of PSI Transcom GmbH into the investment platform of the
 CHAPTERS Group opens up attractive new prospects for sustainable growth for
 customers and employees.

The PSI Group develops software products for optimizing the flow of energy
 and materials for utilities and industry. As an independent software producer
 with more than 2,300 employees, PSI has been a technology leader since 1969
 for process control systems that ensure sustainable energy supply, mobility
 and production by combining AI methods with industrially proven optimization
 methods. The innovative industry products can be operated on-premises or in
 the cloud. www.psi.de

Contact:

PSI Software SE

Karsten Pierschke

Head of Investor Relations and Corporate Communications

Dircksenstraße 42-44

10178 Berlin

Germany

Tel. +49 30 2801-2727

Email: KPierschke@psi.de

 End of Inside Information

21-Dec-2024 CET/CEST The EQS Distribution Services include Regulatory
 Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com

 Language:     English
 Company:      PSI Software SE
               Dircksenstraße 42-44
               10178 Berlin
               Germany
 Phone:        +49 (0)30 2801-0
 Fax:          +49 (0)30 2801-1000
 E-mail:       ir@psi.de
 Internet:     www.psi.de
 ISIN:         DE000A0Z1JH9
 WKN:          A0Z1JH
 Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in
               Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
 EQS News ID:  2056201

 

 End of Announcement  EQS News Service

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAUOVVRSOUUURA