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Share Name Share Symbol Market Type Share ISIN Share Description
Psi Aktiengesellschaft Fuer Produkt LSE:0KUR London Ordinary Share DE000A0Z1JH9 PSI SOFTWARE ORD SHS
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PSI Software AG PSI Acquires NEPLAN AG

16/10/2020 12:25pm

RNS Non-Regulatory


TIDM0KUR

PSI Software AG

16 October 2020

 
PSI Software AG / Key word(s): Mergers & Acquisitions/Takeover 
 PSI Acquires the Swiss Network Planning Software Specialist NEPLAN AG 
 
 16.10.2020 
 The issuer is solely responsible for the content of this announcement. 
 
 PSI Acquires the Swiss Network Planning Software Specialist NEPLAN AG 
 Berlin, October 16, 2020 - PSI Group continues to expand its strong position in the field 
 of software for energy grids with the acquisition of the Swiss NEPLAN AG. Founded in 1988, 
 NEPLAN has made a name for itself not only as a provider of technologically and functionally 
 leading software for planning, analysis, simulation, technical and commercial optimization 
 of energy grid expansions for electrical networks, but also for the cross-linked areas of 
 gas, water and district heating. The cloud-capable NEPLAN software is used in network planning 
 and asset management by more than 500 customers in 110 countries worldwide. PSI expects continued 
 growth in demand for network expansion for the integration of renewable energies, for electro-mobility 
 and for sector coupling. 
 
 PSI will enrich the real-time network calculations in the control systems with additional 
 network calculation algorithms from the NEPLAN planning software. This also applies analogously 
 to the gas network simulation PSIganesi. New algorithms are to be developed jointly in the 
 future and marketed in high volumes via three product lines (electricity control systems, 
 gas control systems, network planning). Numerous connections can be created between network 
 planning (PSIneplan), field force management (PSIcommand) and the control system (PSIcontrol), 
 which significantly reduce the maintenance costs of the network equipment and improve availability 
 (SAIDI) through an extended planning horizon and precise aging models. The integrated Deep 
 Qualicision optimization ensures the optimal achievement of the respective national regulatory 
 objectives and at the same time the protection of employee interests. 
 The economic effects of the acquisition, which go beyond the addition of sales and earnings, 
 will develop over several years. With the acquisition of NEPLAN, PSI is also preparing itself 
 for export to customers who follow the fossil-fuel oriented DNVGL standard, which still requires 
 loosely coupled offline network calculations. 
 With 17 employees, NEPLAN achieved annual sales of 3.8 million euros. PSI also intends to 
 integrate the highly qualified team and the location near Zurich into the numerous major projects 
 in Switzerland. In 2019, PSI increased sales in the Energy Management segment with 1,030 employees 
 by 16% to 115.8 million euros. 
 Based on its own software products, PSI Group develops and integrates complete solutions for 
 optimizing the flow of energy and material for utilities (energy networks, energy trading, 
 public transport) and industry (metals production, automotive, mechanical engineering, logistics). 
 PSI was founded in 1969 and employs 2,000 persons worldwide. www.psi.de 
 
 Contact: 
 PSI Software AG 
 Karsten Pierschke 
 Head of Investor Relations and Corporate Communications 
 Dircksenstraße 42-44 
 10178 Berlin 
 Germany 
 Phone +49 30 2801-2727 
 Fax +49 30 2801-1000 
 Email: KPierschke@psi.de 
 
 
 16.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group 
 AG. 
 The issuer is solely responsible for the content of this announcement. 
 
 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News 
 and Press Releases. 
 Archive at www.dgap.de 
 
 
Language:      English 
Company:       PSI Software AG 
               Dircksenstraße 42-44 
               10178 Berlin 
               Germany 
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:        Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
                Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:   1141333 
 
 
 
 
 
 
End of News  DGAP News Service 
 
 
 
 

1141333 16.10.2020

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October 16, 2020 07:25 ET (11:25 GMT)

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