Kent, Wash (Monday, December 3, 2018) – Shape Technologies Group, Inc. (SHAPE), the world-leading supplier of waterjet technology and ultrahigh-pressure (UHP) manufacturing process solutions, an American Industrial Partners (AIP) portfolio company, today announced the creation of Shape Process Automation, a Shape Technologies Group company. Shape Process Automation combines Dynamic Robotic Solutions with Tech-Con Automation to be the leading supplier of ultrahigh-pressure waterjet, laser robotic solutions, material handling and automation for unmatched material processing.
The Companies will adopt the new name beginning December 3, 2018, and transition all existing communications, marketing and branding, websites, and sales media to the reflect the new identity over the coming months.
The creation of Shape Process Automation furthers SHAPE’s mission as a global leader in the manufacturing process solutions industry. The combined companies increase the global footprint of Shape Process Automation, directly benefiting SHAPE’s customers with increased access to support and service by widening the aftermarket presence of Shape Process Automation globally.
“With this change we are able to better support our customers globally, providing them with increased access to our comprehensive range of products and services from UHP pump technology, systems, and integrated solutions,” says David Savage, CEO of Shape Technologies Group. “We will continue to provide and support our current product offerings while driving innovative solutions for the future.”
About Shape Technologies Group
Shape Technologies Group, Inc. (“SHAPE”) is the world’s leading developer and provider of ultrahigh-pressure process solutions for advanced manufacturing and materials processing applications. The Company delivers innovative manufacturing process solutions to customers spanning 100 countries and a broad array of industries. The Company’s brands include KMT Waterjet, Flow International Corporation, Advanced Pressure Systems, Aqua-Dyne, Aquarese, H2O Jet, Shape Mined Materials, Shape Process Automation, and TOPS. For more information, visit www.shapetechnologies.com.
About American Industrial Partners
American Industrial Partners (“AIP”) is an operationally oriented middle-market private equity firm that makes control investments in North American-based industrial businesses serving domestic and global markets. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989. To date, AIP has completed over 65 transactions and currently has more than $3.2 billion of assets under management.
AIP invests in all forms of corporate divestitures, management buyouts, recapitalizations, and going-private transactions of established businesses with revenues of $100 million to $1 billion+. For more information about American Industrial Partners, contact Ben DeRosa, Partner at 212-627-2360, extension 200.