DGAP-News: PSI Strengthens Its Software for Public Transportation by Acquiring Moveo Software GmbH

PSI Strengthens Its Software for Public Transportation by Acquiring Moveo Software GmbH
Supplementing the product range with planning software strengthens market position

PSI Group improves its position in the public transportation business by acquiring Moveo Software GmbH of Potsdam. Moveo Software GmbH was founded in 1990 and has 20 employees. The core business centers around the profahr programme system for planning, disposition and invoicing of transportation operations. The system is the ideal supplement for PSItraffic control systems developed by the PSI Transcom GmbH for public transportation.

Moveo profahr supports service operations and offers, with the personnel disposition, a scalable, flexible and universally applicable software solution. profahr guarantees that statutory and operational regulations are maintained, provides a number of optimization components for planning service operations and supports web user interfaces and mobile devices.

The acquisition of the Moveo Software GmbH shares strengthens PSI Transcom GmbH's market position. profahr supplements the PSI product range. Transportation companies now obtain both the software for scheduling personnel as well as for customer administration and invoicing along with the software for controlling operations and passenger information from one shop. In addition, with the acquisition, the PSI Transcom GmbH strengthens their team with more highly-qualified and experienced specialists with extensive qualifications in the growing market for mobility solutions.

PSI Group is examining further acquisitions for the strengthening of its core business.

PSI Transcom GmbH develops and integrates, on the basis of the PSItrafffic product, operational control and passenger information systems for public transportation companies (rail, rapid transit, underground rail, trams, busses, on-demand busses). The company has been on the market for 37 years and is a wholly-owned subsidiary of PSI Software AG. www.psitrans.de

On the basis of its own software products, PSI Group develops and integrates complete solutions for optimizing the flow of energy and material at suppliers (energy networks, energy trading, public passenger transport) and industry (raw material extraction, metal production, automotive, mechanical engineering, logistics). PSI was founded in 1969 and employs more than 1,700 persons worldwide. www.psi.de

Contact

PSI Software 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
Email: KPierschke@psi.de