Private equity firm Vector Capital has sold Gerber Technology, a provider of integrated software and automated systems for the production of flexible materials, to American Industrial Partners.
Terms of the transaction have not been disclosed.
Headquartered in Tolland, Connecticut, Gerber Technology provides integrated software and system solutions to more than 78,000 customers across 130 countries in the aerospace, construction, furniture, fashion and apparel, transportation, technical textiles, packaging, wind energy, and sign and graphics industries.
Gerber Technology’s products and services are used by more than one-fifth of the Fortune 500.
In 2011, Vector Capital completed the take-private of Gerber Technology and simultaneously divested Spandex, a non-core distribution business segment, in order to focus on Gerber Technology’s core technology offering. Over the past five years, with the support of Vector Capital, Gerber Technology has undertaken significant growth and operating enhancement initiatives, including investing in innovation to release new products across the solutions suite, streamlining supply chain and manufacturing operations, and expanding its international presence.
Michael Elia, CEO of Gerber Technology, says: “With the full support of Vector, we have invested to broaden our product offerings and expand our global reach to provide customers with automation solutions that reduce their time and expense to market. Vector has been a great partner in transforming Gerber into a world-class leader in automation solutions.”
Aalok Jain, principal at Vector Capital, says: “We are proud of what Gerber has accomplished under the leadership of Mike Elia and wish American Industrial Partners and the company continued success. Gerber is emblematic of Vector’s long history of identifying strong, innovative businesses and partnering with management to grow and transform them in attractive niche markets.”
