Warburg Pincus to buy Germany's PSI for over 700 million euros

A woman holds Euro banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) -Private equity firm Warburg Pincus struck a deal to buy Germany's PSI Software for more than 700 million euros ($811 million), with shareholder E.ON remaining a strategic investor, the companies said on Monday.

Reuters first reported on both a nearing takeover of PSI on Friday and Warburg Pincus' offer for the maker of software for energy networks on Sunday.