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    PSAN   DE000A0Z1JH9

PSI SOFTWARE AG

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PSI Software : Acquires the Swiss Network Planning Software Specialist NEPLAN AG

10/16/2020 | 06:10am EDT

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.

Disclaimer

PSI Software AG published this content on 16 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 October 2020 10:09:03 UTC


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Sales 2021 233 M 275 M 275 M
Net income 2021 15,3 M 18,1 M 18,1 M
Net cash 2021 34,6 M 40,8 M 40,8 M
P/E ratio 2021 39,9x
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Harald Schrimpf Chairman-Executive Board & Chief Executive Officer
Harald Fuchs Chief Financial Officer
Karsten Trippel Chairman-Supervisory Board
Elena GŘnzler Member-Supervisory Board
Ulrich Wilhelm Jaroni Vice Chairman-Supervisory Board
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