DGAP-Adhoc: PSI Continues to Expand Market Leadership in Production Management Software for the Metals Industry

PSI Aktiengesellschaft für Produkte und Systeme der Informationstechnologie  /
Key word(s): Acquisition/Contract 

13.11.2014 00:28

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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PSI Continues to Expand Market Leadership in Production Management Software
for the Metals Industry
Takeover of strongest competitor Broner Metals

PSI has acquired 100 percent of the shares of the British Broner Metals
Solutions Ltd. The transaction was signed and executed on 12 November 2014.
Broner Metals is a leading provider of IT solutions in the field of
production planning and control, supply chain management and MES
(manufacturing execution systems) for the steel and aluminium industry. The
company employs 65 persons in sites in Europe, Asia, North and South
America. Broner Metals has customers in 12 countries, some of which are
among the world's largest producers of steel.

Broner Metals expects sales of about 10 million Euros in 2014. The EBITDA
fluctuated in the previous years, depending on the steel economy, between 2
and 4.8 million Euros. PSI will pay 12 million Euros in cash for the shares
to the seller, Hyperion Systems Engineering Ltd. From 2016 PSI expects an
EBIT contribution of just about 1 million Euros after 0.75 million Euros in
write-offs from the purchase price allocation as well as additional margin
and growth effects for the existing PSI metals business. For Hyperion
Systems Engineering Ltd., the transaction is consistent with a strategy
focus on solutions and software for hydrocarbons, chemicals and power
industries, where the company expects to see its future growth coming from.

Together, PSI and Broner Metals have more than 350 experts for the global
support of the production processes for the metals industry. Due to the
fact that the companies' sites complement each other superbly, an even more
comprehensive global service will be available to customers in the future.
The Watford site near London will be expanded as project and product
development site. In addition, it will be expanded as the sales and service
base for the British market for a number of PSI business units.

The existing product lines and service agreements will be continued. In the
mid-term PSImetals, which already provides the most comprehensive software
solution for metals production, will be supplemented by additional unique
selling propositions from the Broner software.

PSI has already increased its sales in the metal industry 15-fold since
2002 by means of successfully focusing and globalising its business. PSI
will continue to expand its position as the world's strongest provider of
solutions in this market based on its global presence, leading technology
and the best scale effects in the market.

PSI AG develops and integrates complete solutions, on the basis of its own
software products, for the management of energy networks (, gas, oil,
electricity, heat, energy trading), production management (raw material
production, metals, automotive, mechanical engineering, mining, logistics)
and infrastructure management for transport and safety. PSI was founded in
1969 and employs about 1.700 people in the group. www.psi.de

PSI AG
Karsten Pierschke
Head of Investor Relations and
Corporate Communication
Dircksenstraße 42-44
10178 Berlin
Germany

Phone +49 30 2801-2727
Fax     +49 30 2801-1000
E-Mail: KPierschke@psi.de


13.11.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      PSI Aktiengesellschaft für Produkte und Systeme der
Informationstechnologie 
              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:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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