Ad-hoc | 26 August 2009 16:35
PSI Aktiengesellschaft / Acquisition
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.
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PSI Becomes World's Largest Provider of Production Management Software for
the Metals Industry
Acquisition of strongest competitor AIS
PSI has acquired 100 percent of the shares of the Austrian Group AIS
Advanced Information Systems. AIS is a provider of IT solutions and
services in the fields of advanced planning, production control and supply
chain management for the metals industry. The company employs a total staff
of 100 in Austria, Belgium, Russia, South America and India. AIS supports
customers at more than 60 sites in 25 countries with solutions for the
steel industry.
In 2009, AIS expects sales of 11.6 million Euros and an EBITDA of 1.6
million Euros. The proportional EBIT contribution to the PSI Group's 2009
earnings will amount to approximately 0.3 million Euros after amortisation.
PSI will pay previous year's turnover in cash for the shares and repayment
of a shareholder loan to the seller, the private equity firm The Riverside
Company.
PSI and AIS are strengthening their global presence and their offerings.
Existing partnerships should be further expanded with the improved
internationality. All existing product lines will be continued. The
technology platforms will be converged for forward compatibility. With the
acquisition of AIS, PSI will have more than 280 specialists for the global
support of production processes in the metals industry, managing sales of
more than 35 million Euros.
As a result of successful focusing and internationalisation, PSI has
increased its sales in the metals industry segment by more than ten-fold
since 2002. PSI will therefore continue to expand its position as the
world's strongest provider of solutions in this field based on global
presence, leading technology and the best scale effects in the market.
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Information and Explaination of the Issuer to this News:
PSI AG develops and integrates complete solutions, on the basis of its own
software products, for the management of energy networks (electricity, gas,
oil, heat, water), cross-company production management (metals, automotive,
mechanical and plant engineering, logistics) and infrastructure management
for telecommunications, transport and safety. PSI was founded in 1969 and
employs 1,300 persons in the group. www.psi.de
PSI AG
Karsten Pierschke
Investor Relations und Kommunikation
Dircksenstraße 42-44
10178 Berlin
Deutschland
Tel. +49 30 2801-2727
Fax +49 30 2801-1000
E-Mail: KPierschke@psi.de
26.08.2009 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: DE000A0Z1JH9
WKN: A0Z1JH
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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