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An update from PSI AG fuer Produkte und Systeme der Informationstechnologie ( (DE:PSAN) ) is now available.
PSI Software SE has announced the sale of its Mobility business unit, PSI Transcom GmbH, to Altamount Software GmbH, a subsidiary of CHAPTERS Group AG. This strategic divestment aligns with PSI’s ‘PSI Reloaded’ strategy, allowing the company to concentrate on its core industrial software sectors, including network and energy management, while setting a foundation for future sales and earnings growth. The transition of PSI Transcom to CHAPTERS Group is expected to provide new growth opportunities for its employees and customers, marking a significant shift in PSI’s operational focus and market positioning.
More about PSI AG fuer Produkte und Systeme der Informationstechnologie
PSI Software SE is a leading independent software producer specializing in the development of software products for optimizing energy and material flows in utilities and industry sectors. With over 2,300 employees, the company has been a technology pioneer since 1969, focusing on process control systems that enhance sustainable energy supply, mobility, and production through the integration of AI and proven optimization methods. PSI’s innovative products can be deployed both on-premises and in the cloud.
YTD Price Performance: -17.50%
Average Trading Volume: 2,233
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €327.6M
For detailed information about PSAN stock, go to TipRanks’ Stock Analysis page.
