Warburg Pincus is set to acquire PSI Software (PSAGn.DE), a German provider of software solutions for power and gas transmission grids and industrial automation, in a deal valuing the company at over €700m ($813m), according to a report by Reuters.
The transaction values PSI at €45 per share, representing a 50% premium over its closing stock price prior to the announcement. PSI’s board has backed the offer and intends to recommend it to shareholders, with plans to delist the company from the German stock exchange following the deal.
Warburg Pincus has already secured agreements covering approximately 28.5% of PSI’s equity from anchor shareholders, with one key investor set to partially reinvest alongside the firm. PSI’s largest shareholder, Norman Rentrop, holds a 23% stake, while German utility E.ON owns around 18% and will remain a strategic partner post-acquisition.
The company is recovering from a cyberattack last year, which contributed to a pre-tax loss of €15.2m in 2024. Warburg Pincus has confirmed it will retain PSI’s management team and Berlin headquarters, signalling continuity in operations.
The sale process has been advised by Goldman Sachs.
