Warburg Pincus to acquire PSI Software for €706m.

Warburg Pincus, a global growth investor, offered to acquire PSI Software, a company that develops software products for optimizing the flow of energy and materials for utilities and industry, for €706m ($820m). “Building on decades of experience and a strong European foundation, PSI is transforming into a high-performance software company focused on Software-as-a-Service, cloud-native solutions and Industrial AI. Global trends such as decarbonization, electrification, automation and digitalization, as well as the increasing complexity of industrial systems are creating powerful momentum for software-driven innovation. Partnering with Warburg Pincus provides the experience, financial strength, and operational backing needed to accelerate the execution of our growth strategy. Together we can realize our ambition to establish PSI as a global powerhouse in energy and industrial software," Robert Klaffus, PSI Chief Executive Officer.