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PSI Software SE / Key word(s):
Miscellaneous/Strategic Company Decision
PSI Takes Major Step Towards Becoming an Integrated Software
Company
02.12.2024 / 10:57 CET/CEST
The issuer is solely responsible for the content of this
announcement.
PSI Takes Major
Step Towards Becoming an Integrated Software
Company
New organizational structure "PSI Reloaded" launched on December 1,
2024
Berlin, December 2, 2024 - The PSI
Group has taken a significant step towards becoming a modern,
integrated software company. Following the streamlining of the
Group structures through the merger of the German subsidiaries, the
new organizational structure was implemented on December 1, 2024 as
part of the "PSI Reloaded" transformation program. This includes in
particular the bundling of energy-related activities in the new
"Grid & Energy Management (GEM)" business unit.
The new GEM business unit was created by merging the previously
separate activities in the areas of electrical and interconnected
grids, gas grids and pipelines, energy trading systems (PSI Energy
Markets) and process coupling and smart grids (PSI GridConnect). By
bundling the previously separate range of services, PSI is mapping
the convergence of the energy sectors electricity, gas and heat as
well as the regulatory dependencies between these sectors in a
uniform organizational structure. This creates a pool of over 900
energy experts for all energy sector requirements, enabling faster
and more flexible project execution.
In addition, PSI will develop a new, cross-sector control system
that covers both current and future requirements for holistic,
highly modular, open, high-performance, intelligent and secure
system and operational management. The aim is to cover also the
extended requirements of sector coupling, energy transition, energy
transport, storage and energy trading with a scalable, web and
cloud-capable system. The new control system will also
significantly speed up the upgrade process in future. This means
that new functions and improvements can be implemented more
quickly, allowing both customers and PSI to make more efficient use
of resources and shorten project lead times.
The simplification of the Group structures was already initiated in
the middle of the year with the merger of the German subsidiaries
into PSI Software SE. In future, PSI's business will be divided
into the five industry segments Grid & Energy Management,
Process Industries, Discrete Manufacturing, Logistics and Mobility,
which will also form the basis for financial reporting from the
fourth quarter of 2024.
The PSI
Group develops software products for optimizing the
flow of energy and materials for utilities and industry. As an
independent software producer with more than 2,300 employees, PSI
has been a technology leader since 1969 for process control systems
that ensure sustainable energy supply, mobility and production by
combining AI methods with industrially proven optimization methods.
The innovative industry products can be operated on-premises or in
the cloud. www.psi.de
Contact:
PSI Software SE
Karsten Pierschke
Head of Investor Relations and Corporate Communications
Dircksenstraße 42-44
10178 Berlin
Germany
Tel. +49 30 2801-2727
Email: KPierschke@psi.de
02.12.2024 CET/CEST Dissemination of a Corporate
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The issuer is solely responsible for the content of this
announcement.
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