Germany’s PSI Software, a maker of software for energy networks, is close to being acquired, with Thoma Bravo, HgCapital, and Warburg Pincus among potential suitors.
- PSI, recovering from last year’s cyberattack, is seeking funding for next-generation product development.
- Shares surged 13.9% on takeover news.
- 2024 sales: €260.8M, with management projecting a 10% revenue increase and a return to profit this year.
- Major shareholders: E.ON (18%) and Norman Rentrop (23%).