PSI Software SE

M&A Activity • Sep 13, 2002

News Details

Corporate | 13 September 2002 10:23

PSI AG english

PSI Tightens Group Structures Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– PSI Tightens Group Structures – Merger of PSI Infrastruktur Services GmbH and Schindler Technik AG – Merger of GSI mbH and integral datentechnik GmbH – Integration of PSIPENTA Automotive GmbH in PSIPENTA GmbH Berlin, 13 September 2002 – PSI is continuing the tightening of the group structure which they initiated last year. In this connection the wholly-owned subsidiary PSI Infrastruktur Services GmbH is merging with Schindler Technik AG, in which PSI previously held a 28.5% interest. The merger of the network specialist Schindler with PSI Infrastruktur creates a new full-service provider with more than 100 employees and a complete range of products, ranging from EDP wiring to the set-up and managing of complete IT infrastructures. PSI holds a 37.2 % interest in the new Schindler Technik AG. With the merger of the sales partner datentechnik GmbH, in which PSI previously held a 49 % share, with the development firm GSI GmbH (18 %), a new provider of production solutions for smaller companies is formed which combines the development know how of GSI with the sales competence of integral datentechnik. PSI will hold a 47 % interest in the new GSI GmbH. With the integration of PSIPENTA Automotive GmbH in PSIPENTA Software Systems GmbH, PSI will strengthen its orientation of the PSIPENTA product in the attractive a automotive market and simultaneously takes advantages of synergies in product development. PSI AG develops individual solutions for the management of large networks (electricity, gas, oil, telecommunications, transport), corporate-wide production management as well as information management for public authorities and service providers on the basis of their own software. The company was founded in 1969 and currently employs 1,350 employees. PSI has been listed on the New Market of the Frankfurt Stock Market since 1998. http://www.psi.de Your contact person: PSI AG Karsten Pierschke Manager Investor Relations Dircksenstraße 42-44 D-10178 Berlin Tel. +49 30 2801-2727 Fax +49 30 2801-1000 eMail: KPierschke@psi.de end of message, (c)DGAP 13.09.2002 ——————————————————————————– WKN: 696822; ISIN: DE0006968225; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Bremen, Hannover, Stuttgart 131023 Sep 02