Gerber Technology announced that American Industrial Partners (AIP) has acquired all of its outstanding shares.
The investment in Gerber was made out of American Industrial Partners Capital Fund VI, LP, a US$1.8-billion fund that closed in September 2015.
Gerber CEO Mike Elia says, “We are very excited to have AIP as our new investor. They are a committed partner with common values and a shared passion for making it easier for people in the apparel, transportation and home and leisure industries to design, produce and sell everyday items made from textiles, leather, composites or similar materials.”
Gerber’s full line of digital solutions include many of the most recognized products in the industry including YuniquePLM, AccuMark, the Gerbercutter, Gerber Edge, Omega and Virtek Vision Systems. These solutions enable leading brands, manufacturers and retailers to be more efficient, lower costs and integrate their workflows from concept to market.
Justin Fish of AIP says, “Gerber’s history of innovation and leadership, large install base, and deep industry knowledge is an ideal fit with our investment strategy. We look forward to supporting the Gerber management team to execute on key growth initiatives and help Gerber’s customers achieve productivity gains through sophisticated, easy-to-use software; smart, connected machines and world-class service and support.”
AIP’s portfolio includes industry leading businesses in related end markets including aerospace, automotive and graphics supported by over 24,000 people in 28 countries. AIP has a long history of successfully acquiring businesses such as Gerber and partnering with management to drive growth.