Berlin, 29 March 2004 –PSI AG has sold its PK Software Engineering GmbH business operations to PROSOZ Herten GmbH. PSI has thus completed another step towards the concentration in its core business of control systems for utilities, industry and public clients. As a result of changes in legislation, PSI expects further consolidation in the market for communal software solutions focusing on social security.
PSI obtained a majority holding in PK Software in 2001 to strengthen its position in the market for communal software solutions. In the course of expanding its core business PSI will continue to invest in control systems for security tasks in the public sector and for IT infrastructures.
PK Software Engineering GmbH obtained sales of 2.3 million euros with 17 employees in 2003 and had a balanced result.
PSI AG develops and integrates individual solutions, on the basis of its own software, for the management of large networks (electricity, gas, oil, telecommunications, transport), cross-company production management (steel, chemicals, machinery, automotive, logistics) and information management for government and service providers. PSI was founded in 1969 and employs 1,200 persons in the group.
