Germany: Federal Cartel Office investigation into acquisition of control of PSI by Warburg Pincus and into competitively significant influence on PSY by E.ON

Progress

Current status
concluded
19 Dec 2025 concluded

Scope

Implementers
Germany
Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
software provider: other software
Government Branch
executive
Government Body
competition authority
Implementation Level
national

Timeline of events

19 Dec 2025
concluded

Federal Cartel Office approved acquisition of PSI by Warburg Pincus and an investment agreement between Warburg Pincus and E.ON

On 19 December 2025, the Federal Cartel Office (FCO) approved the acquisition of PSI Software, an industrial software provider, by private equity fund Warburg Pincus, as well as an investment agreement between Warburg Pincus and E.ON, a major German…

Source
Event type investigation
Action type closure
Government branch executive
Government body competition authority