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Sources: Investors are circling around Germany's PSI Software as it nears a takeover

Three people with knowledge of the situation said that Germany's PSI Software, a maker of software to manage energy networks, is on the verge being acquired by a group financial investors.

One source said that PSI is looking for funding to develop next-generation products. PSI is currently recovering from last year's cyberattack.

Sources said that among the potential suitors were technology investors Thoma, HgCapital, and Warburg Pincus. A decision could be reached within the next couple of days.

PSI's software, which helps power and gas grids, as well as factories run, posted a loss of 15,2 million euros (17.62 million dollars) last year, as it was hampered for weeks by the hacker attack.

The group's sales for 2024 are expected to be 260.8 million euro, a value of close to 400 millions euros at the stock exchange.

E.ON is a German utility and a major PSI customer. It holds almost 18% of PSI shares.

Norman Rentrop, a German newsletter publisher and businessman, is PSI’s largest shareholder. He holds a 23% share.

PSI, Norman Rentrop’s investment holding and investment firm Thoma Bravo have not responded to an immediate request for comment.

E.ON HgCapital, and Warburg Pincus all declined to comment.

(source: Reuters)