PSI Software SE

M&A Activity • Jul 5, 2007

News Details

Ad-hoc | 5 July 2007 10:39

PSI Sells Government Business

PSI Aktiengesellschaft / Disposal

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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PSI Sells Government Business

The PSI AG, Berlin, has sold their subsidiary European IT Consultancy EITCO
GmbH to a German group of investors. EITCO is an IT consulting specialist
with a strong focus on government business. With this step, PSI has thus
completed the concentration on software products for energy suppliers,
production and infrastructure operators. The PSI core product business with
control systems for companies and authorities in disaster protection,
rescue, fire fighting, police and traffic remains with PSI and will be
expanded with acquisitions and partnerships.

EITCO employs 57 persons and is expecting sales of about 6 million euros
for 2007. The transaction provides PSI with a book profit. It has been
agreed that the contractual conditions will be kept confidential.

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Information and Explaination of the Issuer to this News:

PSI AG develops and integrates individual solutions, on the basis of its
own software, for the management of energy networks (electricity, gas, oil,
water), cross-company production management (steel, mechanical engineering,
automotive, logistics) and infrastructure management for
telecommunications, transport and safety. PSI was founded in 1969 and
currently employs more than 1,000 persons in the group. www.psi.de

PSI AG
Karsten Pierschke
Communications and Investor Relations
Dircksenstrasse 42-44
10178 Berlin
Germany
Tel. +49 30 2801-2727
Fax +49 30 2801-1000
E-mail: KPierschke@psi.de

DGAP 05.07.2007

Language: English
Issuer: PSI Aktiengesellschaft
Dircksenstraße 42-44
10178 Berlin Deutschland
Phone: +49 (0)30 2801-0
Fax: +49 (0)30 2801-1000
E-mail: ir@psi.de
Internet: www.psi.de
ISIN: DE0006968225
WKN: 696822
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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