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

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Summary

This acquisition will enhance Toshiba’s current global servicing and maintenance solutions for turbines and equipment across multiple platforms. “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. “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 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. Clients include Fortune 500 companies, automotive, financial services, technology, aerospace and defense industries, and other commercial and government customers. 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.

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