Exclusive-Germany's PSI Software nears takeover as investors circle, say sources
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Exclusive-Germany's PSI Software nears takeover as investors circle, say sources

by Inkhabar webdesk
Exclusive-Germany's PSI Software nears takeover as investors circle, say sources

By Alexander Hübner and Amy-Jo Crowley MUNICH (Reuters) -Germany's PSI Software is close to being taken over, with several financial investors circling the maker of software for energy networks, three people familiar with the matter told Reuters on Thursday. One of the sources said PSI, which is recovering from a cyberattack last year, is seeking funding for next-generation product development. Among the competing suitors are technology investors Thoma Bravo, HgCapital and Warburg Pincus, and a decision on a sale could be made within the next few days, the sources said. PSI, whose software helps run power and gas transmission grids as well as factories, last year posted a loss before interest and tax of 15.2 million euros ($17.62 million), as it was hobbled for weeks by the cyberattack. Valued at close to 400 million euros on the stock exchange, the group posted 260.8 million euros in sales in 2024. German utility E.ON, which is PSI's second-largest investor, with almost 18% of the shares, and also a major customer, intends to hold on to its stake. German businessman and newsletter publisher Norman Rentrop is PSI's largest shareholder with a 23% stake. PSI, Norman Rentrop's investment holding as well as investment firm Thoma Bravo did not immediately respond to a request for comment. E.ON, HgCapital and Warburg Pincus declined to comment. ($1 = 0.8625 euros) (Additional reporting by Tom KaeckenhoffWriting by Ludwig BurgerEditing by Miranda Murray)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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