Leading private equity firm, Vector Capital that specialises in transformational investments in established technology businesses, has sold Gerber Technology, a leading provider of integrated software and automated systems for the production of flexible materials, to American Industrial Partners.
Headquartered in Tolland, CT, 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. Its products and services are used by more than one-fifth of the Fortune 500 companies.
In 2011, Vector Capital completed the takeover of Gerber Technology and simultaneously divested Spandex, a non-core distribution business segment, in order to focus on Gerber Technology’s core technology offering. And in the last five years, it has undertaken significant growth and operating enhancement initiatives, including investing heavily in innovation to release new products across the solutions suite, streamlining supply chain and manufacturing operations with the support of Vector Capital.