Riverside Co. Exits AIS

The Riverside Co. has sold off its remaining stake in AIS, a Linz, Austria-based provider of IT solutions for the steel industry, to PSI AG. No financial terms were disclosed.

PRESS RELEASE

AIS is a world leading provider of IT solutions and services in the fields of advanced planning, production control and supply chain management for the metals industry. The company employs a total staff of 100 in Austria, Belgium, Russia, South America and India. AIS supports customers at more than 60 sites in 25 countries with solutions for the metals industry.

 With the acquisition of AIS, PSI will have more than 280 specialists for the global support of production processes in the metals industry. Existing partnerships should be further expanded with the improved internationality. All existing product lines will be continued and converged for forward compatibility.

PSI will therefore continue to expand its position as the world’s strongest provider of solutions in this field based on global presence, leading technology and the best scale effects in the market.

PSI AG develops and integrates complete solutions, on the basis of its own software products, for the management of energy networks (electricity, gas, oil, heat, water), cross-company production management (metals, automotive, mechanical and plant engineering, logistics) and infrastructure management for telecommunications, transport and safety. PSI was founded in 1969 and employs 1,300 persons in the group.

The AIS Group, headquartered in Linz, Austria, is a leading supplier of planning and scheduling systems for the steel industry. Solutions from AIS increase the efficiency of expensive heavy equipment through the optimization of capacity planning and production schedules. Numerous references worldwide of the SteelPlanner® family of planning, scheduling and control solutions underline the effectiveness and reliability of SteelPlanner® for the metals industry. Do not hesitate to contact us for further information.