Hogan Lovells Advises GP Strategies Corporation on Sale of EtaPRO to Toshiba

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.