COLUMBIA, Md., Oct. 4, 2021 /PRNewswire/ -- Toshiba America
Energy Systems Corporation ("TAES"), an affiliate of Toshiba Energy
Systems & Solutions Corporation ("Toshiba ESS"), today
completed its acquisition of the EtaPRO® business from
GP Strategies Corporation (NYSE: GPX), a global provider of
workforce transformation solutions. The acquisition was originally
announced in May 2021.
A long-time partner of GP Strategies, Toshiba ESS deploys
EtaPRO® technology to many of its power generation
customers. This acquisition will enhance Toshiba's current global
servicing and maintenance solutions for turbines and equipment
across multiple platforms. TAES will integrate EtaPRO®
employees into its operations and will continue operating existing
EtaPRO® office locations, retaining EtaPRO®'s
valuable talent and culture. Toshiba is now in Phase 2 of its
strategic "Toshiba Next Plan," which emphasizes strong growth
through infrastructure service offerings.
"This acquisition enables Toshiba ESS to more efficiently meet
the needs of customers with EtaPRO®'s digital
technologies," said Takao Konishi,
Director, President and CEO at Toshiba ESS. "These technologies
have always enabled our customers to enhance power generation
operations with EtaPRO®'s unique digital solutions, and
this acquisition only expands those possibilities."
"Toshiba's acquisition of EtaPRO® will allow this
technology to reach its full potential with a global reach and new
functional possibilities," said Richard
DesJardins, former GP Strategies Senior Vice President and
newly appointed Chief Operating Officer at TAES's EtaPRO LLC
subsidiary. "On behalf of the greater Toshiba family, we are
excited to welcome the talented EtaPRO team to Toshiba," said
Koichi Kitaguchi, President and CEO
of EtaPRO LLC. "We greatly value their unique industry experience
and specialized knowledge."
"We believe that this acquisition will be a strategically
positive deal for both Toshiba and GP Strategies," GP Strategies'
CEO Adam Stedham. "We look forward
to seeing how the EtaPRO® business flourishes with its
integration into the Toshiba portfolio."
Outline of new company
Name: EtaPRO LLC
Address (Headquarters): 25 Northpointe, Suite 100, Amherst, New York, 14228, US
Representative: Koichi Kitaguchi
(Director, President and CEO)
Business: General business operations of
EtaPRO® (Development and Sales)
Established: September 2021
Stock Ratio: Toshiba Group 100%
Number of Employees:Approximately 60
www.etapro.com
About Toshiba America Energy Systems
Corporation
Toshiba America Energy Systems Corporation
(TAES), headquartered in West Allis,
Wisconsin, with a large manufacturing and service shop,
provides turbine/generator equipment and services for the energy
industry, including thermal, geothermal, hydropower and nuclear
power plants, large-scale battery and hydrogen systems, and
superconducting magnet and Toshiba Heavy ion therapy systems. TAES
is an affiliate of Toshiba Energy Systems & Solutions
Corporation (Toshiba ESS) and represents Toshiba ESS in the
Americas, TAES is proud to provide high-quality, reliable and
cost-effective products and services that address current and
future power generation, cancer treatment and advanced
technological needs. For more information please visit
http://www.toshiba.com/taes.
About Toshiba Energy Systems & Solutions
Corporation
Toshiba Energy Systems & Solutions
Corporation is a leading supplier of integrated energy and medical
solutions. With its long experience and expertise in a wide range
of power generation and, transmission systems and energy management
technology, the company delivers innovative, reliable and efficient
energy solutions across the globe. Split off from Toshiba
Corporation (TOKYO: 6502) in
October 2017.
https://www.toshiba-energy.com/en/index.htm
About GP Strategies
GP Strategies Corporation (NYSE:
GPX) is a global workforce transformation provider of
organizational and technical performance solutions. GP Strategies'
solutions improve the effectiveness of organizations by delivering
innovative and superior training, consulting, and business
improvement services customized to meet the specific needs of its
clients. Clients include Fortune 500 companies, automotive,
financial services, technology, aerospace and defense industries,
and other commercial and government customers. Additional
information can be found at gpstrategies.com.
About EtaPRO
EtaPRO® is a real-time digital platform
for improving the efficiency and reliability of power generating
assets through empirical and physics-based digital twin technology
combined with traditional vibration frequency analysis for
detecting and diagnosing equipment deterioration or operating
abnormalities in their earliest stages. EtaPRO is adapted to
customer-specific requirements and is used by the global power
industry on nearly 700 GW of generation in 40 countries, including
thermal, geothermal, hydro, wind, and solar generating
technologies.
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SOURCE GP Strategies Corporation