October 28, 2021

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Toshiba America Energy Systems Corporation Completes Acquisition of GP Strategies’ EtaPRO® Business

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WEST ALLIS, Wis.–(Enterprise WIRE)–Toshiba The united states Electrical power Devices Company (“TAES”), an affiliate of Toshiba Vitality Programs & Alternatives Company (“Toshiba ESS”), now accomplished its acquisition of the EtaPRO® organization from GP Methods Company (NYSE: GPX), a worldwide service provider of workforce transformation remedies. The acquisition was originally introduced in May perhaps 2021.

A extended-time partner of GP Procedures, Toshiba ESS deploys EtaPRO® technological know-how to quite a few of its ability technology consumers. This acquisition will increase Toshiba’s existing world servicing and maintenance options for turbines and devices throughout numerous platforms. TAES will combine EtaPRO® staff members into its functions and will go on running current EtaPRO® workplace areas, retaining EtaPRO®’s useful talent and society. Toshiba is now in Section 2 of its strategic “Toshiba Future System,” which emphasizes robust progress via infrastructure company choices.

“This acquisition allows Toshiba ESS to more efficiently meet up with the requires of consumers with EtaPRO®’s electronic technologies,” said Takao Konishi, Director, President and CEO at Toshiba ESS. “These technologies have usually enabled our shoppers to enrich electric power generation operations with EtaPRO®’s special digital options, and this acquisition only expands individuals choices.”

“Toshiba’s acquisition of EtaPRO® will enable this technological know-how to reach its comprehensive potential with a global achieve and new functional opportunities,” explained Richard DesJardins, previous GP Approaches Senior Vice President and recently appointed Main Running Officer at TAES’s EtaPRO LLC subsidiary. “On behalf of the increased Toshiba spouse and children, we are energized to welcome the proficient EtaPRO group to Toshiba,” claimed Koichi Kitaguchi, President and CEO of EtaPRO LLC. “We greatly benefit their distinctive field expertise and specialised expertise.”

“We believe that that this acquisition will be a strategically optimistic deal for both equally Toshiba and GP Approaches,” GP Strategies’ CEO Adam Stedham claimed. “We look forward to observing how the EtaPRO® company prospers with its integration into the Toshiba portfolio.”

Outline of new corporation

Name: EtaPRO LLC

Handle (Headquarters): 25 Northpointe, Suite 100, Amherst, New York, 14228, US

Agent: Koichi Kitaguchi (Director, President and CEO)

Business: Normal company functions of EtaPRO® (Enhancement and Profits)

Proven: September 2021

Inventory Ratio: Toshiba Group 100%

Selection of Employees:Approximately 60

www.etapro.com

About Toshiba The united states Strength Programs Corporation

Toshiba The us Vitality Programs Company (TAES), headquartered in West Allis, Wisconsin, with a significant production and services store, presents turbine/generator tools and solutions for the electrical power business, including thermal, geothermal, hydropower and nuclear energy vegetation, massive-scale battery and hydrogen techniques, and superconducting magnet and Toshiba Weighty ion therapy methods. TAES is an affiliate of Toshiba Vitality Devices & Alternatives Company (Toshiba ESS) and signifies Toshiba ESS in the Americas, TAES is very pleased to give large-excellent, dependable and price tag-efficient items and expert services that tackle recent and long term electrical power technology, most cancers procedure and sophisticated technological requirements. For additional details remember to check out http://www.toshiba.com/taes.

About Toshiba Electrical power Methods & Answers Company

Toshiba Strength Units & Alternatives Company is a leading provider of integrated strength and healthcare options. With its extensive expertise and abilities in a vast selection of energy era and, transmission programs and electrical power management engineering, the firm provides revolutionary, reliable and productive electrical power methods throughout the globe. Split off from Toshiba Company (TOKYO: 6502) in Oct 2017.

https://www.toshiba-strength.com/en/index.htm

About GP Tactics

GP Strategies Company (NYSE: GPX) is a international workforce transformation provider of organizational and technological general performance alternatives. GP Strategies’ alternatives improve the success of corporations by providing modern and remarkable teaching, consulting, and business enterprise improvement services custom made to satisfy the certain needs of its purchasers. Shoppers include Fortune 500 companies, automotive, monetary providers, technological know-how, aerospace and protection industries, and other industrial and authorities shoppers. Extra details can be located at gpstrategies.com.

About EtaPRO

EtaPRO® is a genuine-time digital system for improving upon the performance and trustworthiness of ability creating assets through empirical and physics-centered electronic twin technology blended with standard vibration frequency examination for detecting and diagnosing devices deterioration or working abnormalities in their earliest phases. EtaPRO is adapted to customer-precise requirements and is utilised by the worldwide power market on just about 700 GW of technology in 40 nations, like thermal, geothermal, hydro, wind, and solar creating systems.

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