Ad-hoc | 28 May 2009 00:48
PSI Aktiengesellschaft / Acquisition
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 Integrates 100 Percent of Malaysian inControl Tech Group
Expansion of export structures in Southeast Asia, India and the Gulf region
As further step in the strategy 'Grow East!' PSI AG has acquired 100
percent of the shares of inControl Tech Sdn Bhd, Kuala Lumpur, Malaysia.
inControl Tech is a company specialized in control systems and automation
technology for energy suppliers, infrastructure and industry. With more
than 120 employees and subsidiaries in Thailand, Bahrain and India, the
fast growing company expects sales of at least 15 million Euros in 2009.
PSI and inControl Tech have acquired and successfully completed a number of
major projects totaling in the double-digit millions over the last five
years. With the acquisition, PSI will have direct access to the growing
markets in Southeast Asia, India and the Middle East. inControl Tech
already employs 25 experts trained in PSI technologies. PSI gets access to
low cost engineering and manufacturing capacity. This will allow PSI to tap
into a larger pool of highly skilled engineers in the region, thus giving
PSI opportunity to lower cost in services and equipments.
The management of PSI and inControl Tech see huge potential in the target
markets for fast and profitable growth of the business. inControl Tech
expects an EBIT margin of around 15% in 2009. The deal is based on a
combination of a cash component and shares.
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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, heat), cross-company production management (metals, mechanical
engineering, automotive, logistics) and infrastructure management for
telecommunications, transport and safety. PSI was founded in 1969 and
currently employs more than 1,100 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
28.05.2009 Financial News transmitted by DGAP
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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
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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