Toshiba America Energy Systems Corporation (“TAES”), an affiliate of Toshiba Energy Systems & Solutions Corporation (“Toshiba ESS”), completed its acquisition of the EtaPRO(R) business from GP Strategies Corporation (NYSE: GPX), a global provider of workforce transformation solutions. The acquisition was originally announced in May 2021. Toshiba ESS is a long-time partner of GP Strategies and deploys EtaPRO technology to many of its power generation customers. The acquisition will enhance Toshiba’s current global servicing and maintenance solutions for turbines and equipment across multiple platforms. According to the update, TAES will integrate EtaPRO employees into its operations and will continue operating existing EtaPRO office locations, retaining EtaPRO’s valuable talent and culture. Roth Capital Partners acted as exclusive financial advisor to GP Strategies.

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About GP Strategies Corporation

GP Strategies 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. For more information, please visit www.GPstrategies.com.

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