Energy infrastructure: Confidential: Economics ministry has security concerns about PSI takeover by US investor
PSI provides software for energy networks. The majority takeover by a US investor raises questions. The economics department has security concerns, but is not commenting on details.
The German Federal Ministry for Economic Affairs allowed US investor Warburg Pincus to take a majority stake in Berlin-based energy software provider PSI in June 2024 with certain conditions. The ministry has refused to disclose these conditions, citing "constitutionally protected business secrets". The move was approved after an investment review due to concerns over security, but details of these concerns and the conditions imposed will not be made public.
The Greens parliamentary group had requested the information but it was classified as confidential and only available to certain officials.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
