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GP Strategies Corporation Signs Asset Purchase Agreement with Toshiba America Energy Systems Corporation to Sell EtaPRO® Business

Toshiba America Energy Systems Corporation Signs Asset Purchase Agreement with GP Strategies Corporation to Acquire EtaPRO® Business

Share: Toshiba America Energy Systems Corporation ( TAES ), an affiliate of Kawasaki, Japan-based Toshiba Energy Systems & Solutions Corporation ( Toshiba ESS ), has reached agreement with GP Strategies Corporation (NYSE:GPX), a global provider of workforce transformation solutions, to acquire its EtaPRO ® business. TAES will acquire the rights to the EtaPRO ® name and brand as well as the entirety of GP Strategies interests in the EtaPRO ® software platform pursuant to an asset purchase agreement. 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

GP STRATEGIES CP (GPX) Q1 2021 Earnings Call Transcript

Operator Good day, and welcome to the GP Strategies first-quarter 2021 earnings call. [Operator instructions] Please note that this event is being recorded. I d now like to turn the call over to Ms. Candice Hester, vice president, investor relations. Please go ahead. Vice President, Investor Relations Thank you. Good afternoon, everyone, and welcome to GP Strategies first-quarter 2021 earnings call. On the call today are Adam Stedham, CEO and president; and Mike Dugan, chief financial officer. Before we begin, I would like to remind you that today s comments will include forward-looking statements, including statements about the potential effects of the COVID-19 pandemic and related events on our business and results of operations.

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