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11.02.2000 – 08:20


ots Ad hoc-Service: PSI AG PSI Acquires the eBusiness and Logistics Specialists PLANAR

The sender is solely responsible for the contents of this announcement. -----------------------------------------------------

    Berlin, Dortmund (ots Ad hoc-Service) -

    PSI AG, Berlin has taken over the PLANAR GmbH, Dortmund, expanding its commitment in the field of eBusiness and logistics. PLANAR's core competencies are in the integration of applications for the Internet and logistics in the framework of holistic supply chain management. Together with PLANAR and ECI, the subsidiary acquired in December 1998, PSI has revenues of DM 50 million in logistics. The annual market volume in this segment in German-speaking countries is more than DM 500 million, with growth rates of 15%. The motor for the growth is primarily the increase of eBusiness.

    PLANAR has excellent references in consulting as well as in developing information technology solutions for airport logistics and warehousing. The consulting segment is currently being pushed in the framework of PLANAR's expansion. The market for airport logistics, in particular luggage transportation and freight transfer, is marked by the significant growth as a result of continuing airport expansion activities and the need for modernization. This will provide further synergies for the extensive alliance arranged in December 1999 between PSI and Lödige Industries, a leading provider of cargo-handling equipment for airports.

    PSI customers can benefit from PLANAR's competence in the development of eBusiness and Internet/Intranet solutions in logistics to shorten and accelerate electronic communication with their customers and business partners. Dortmund, where PLANAR is located, has developed into a specialized area for logistics and the IT branch. The takeover therefore provides the PSI Group with a location advantage and a welcome proximity to the scientific knowledge there.

    Your contact person:

    PSI AG Karsten Pierschke Manager Investor Relations Dircksenstraße 42-44 10178 Berlin

    Tel. +49 (0) 30 2801-2727 Fax +49 (0) 30 2801-1000 E-Mail: KPierschke@psi.de

End ----------------------------------------------------- Internet: http://www.newsaktuell.de

Original-Content von: PSI AG, übermittelt durch news aktuell

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