Acquisition of PSI Transcom GmbH by CHAPTERS Platform Altamount

Altamount Software GmbH ("Altamount"), a platform of CHAPTERS Group AG ("CHAPTERS"), has today acquired 100% of the shares in PSITranscom GmbH from PSI Software SE. Closing of the transaction is expected inthe first quarter of 2025, subject to approval by the Federal Ministry forEconomic Affairs and Climate Action.

PSI Transcom GmbH is a leading provider of software for criticalinfrastructure in the public transport sector. Founded in 1980, the company andits more than 100 employees have established a market-leading position in thegrowing e-mobility segment of public transport. CHAPTERS and Altamount view PSITranscom GmbH as a clear growth business and will going forward pursue bothorganic and inorganic growth in PSI Transcom's markets, operating out of itsBerlin base.

CHAPTERS CEO Jan-Hendrik Mohr comments:

"We are fully aware of the great responsibility we bear towards theteam and customers of PSI Transcom GmbH, and we look forward to the journeyahead together. Our Altamount platform is the right long-term home for thismission-critical software provider. We are proud of Andreas Philippi and histeam, who have now completed their second carve-out of a software business froma multinational corporation within just six months, and done so with greateffectiveness. We would also like to thank the team at PSI Software SE for theexcellent collaboration throughout this process — a relationship we very muchhope to deepen going forward."

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Gunnar Glöckner, CFO of PSI Software SE, adds:

"CHAPTERS and Altamount were clearly able to position themselves asthe best long-term home for PSI Transcom GmbH. A well-considered andsustainable solution for all stakeholders was important to us. As part of our'PSI Reloaded' transformation programme, we will continue to focus on our corebusinesses, and we are pleased that today's transaction has found the rightpartner for PSI Transcom GmbH's future growth."

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Andreas Philippi, CEO of Altamount, adds:

"Altamount advances all topics related to governance, risk andcompliance software within the CHAPTERS Group. Nowhere is this more importantthan in the operation of critical infrastructure software. PSI Transcom GmbHcan look back on many years of market leadership and will, together with us,fully unlock its potential in the growing market for digitalisation in publictransport. We extend a warm welcome to the entire team and look forward to thejourney ahead!"

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