PSI's Sale of Transcom Enhances Long-term Strategy
Deal News | Apr 16, 2025 | Legal Community Germany
A multidisciplinary team from PwC Legal and PwC Germany has advised PSI Software on the divestment of its mobility business unit, PSI Transcom, to Altamount, a portfolio company of CHAPTERS Group AG. The transaction involved drafting and negotiation of the sale and purchase agreement, which was signed in December 2024 and concluded in March 2025, post regulatory approval by the German Federal Ministry for Economic Affairs and Climate Action. This strategic move allows PSI to concentrate further on industrial software for network and energy management sectors. The divestment aligns with PSI's strategy to sustain long-term sales and earnings growth. PSI Transcom will enhance Altamount's offerings in the area of critical services. The advisory team was led by Moritz Grning and Dr. Danielle von Hegel from PwC Legal, alongside Steffen Apfel and Marco Minnerup from PwC Germany.
Sectors
- Software and Technology
- Private Equity & Investment
- Legal and Professional Services
Geography
- Germany – The transaction is based in Germany, involving German companies and advised by PwC Germany.
Industry
- Software and Technology – Involves PSI Software, which focuses on control software solutions for various industries, including energy and mobility.
- Private Equity & Investment – Involves Altamount, a portfolio company of CHAPTERS Group AG, which invests in PSI Transcom.
- Legal and Professional Services – Relates to PwC Legal and PwC Germany's involvement in advising on the sale.
Financials
- Not disclosed – The financial terms of the deal were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PSI Software | Target company | Company | A leading global provider of control software solutions for energy suppliers and industrial companies. |
| Altamount | Bidding Company | Company | A portfolio company of CHAPTERS Group AG, acquiring PSI Transcom. |
| CHAPTERS Group AG | Parent company | Company | The parent company of Altamount. |
| PwC Legal | Legal advisor | Company | The legal advisory firm involved in the transaction. |
| PwC Germany | Consulting advisor | Company | The consulting and auditing firm advising on the transaction. |