Baltimore and New York, 11 May 2021 – Hogan Lovells is representing GP Strategies Corporation, a provider of organizational and technical performance solutions, in the sale of its EtaPRO business to Toshiba America Energy Systems Corporation (TAES), a global manufacturer of energy solutions.
The value of the transaction is confidential. The purchase includes the EtaPRO® trademarks and intellectual property rights, all customer contracts related to EtaPRO®, and all of its related services such as maintenance and remote monitoring. Upon closing, TAES will integrate EtaPRO® employees into its operations and will continue operating existing EtaPRO® office locations. Closing of the transaction is subject to customary closing conditions, and is anticipated to occur by the third quarter of 2021.
The Hogan Lovells team was led by M&A partners Kelly Tubman Hardy, Michael Kuh, senior associate Emma Dowell and associate Joely Grieff.
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