M&A Deal Summary

Shape Technologies Group Acquires Tops Co.

On April 13, 2016, Shape Technologies Group acquired machinery company Tops Co.

Acquisition Highlights
  • This is Shape Technologies Group’s 1st transaction in the Machinery sector.
  • This is Shape Technologies Group’s 1st transaction in South Korea.

M&A Deal Summary

Date 2016-04-13
Target Tops Co.
Sector Machinery
Buyer(s) Shape Technologies Group
Deal Type Add-on Acquisition

Target

Tops Co.

Gimhae, South Korea
Tops Co. Ltd. is a provider of of waterjet cutting systems and manufacturing process solutions. Tops was formed in 2001 and is based in Gimhae, South Korea.

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Buyer(S) 1

Buyer

Shape Technologies Group

Kent, Washington, United States

Category Company
Sector Machinery
Employees1,217
Revenue 400M USD (2021)
DESCRIPTION

Shape Technologies Group is a manufacturer of proprietary ultra-high pressure (“UHP”) pumps, waterjet cutting systems, and integrated robotic automation solutions that enable the processing of modern industrial materials. SHAPE offers customers a productivity solution that maximizes machine uptime, minimizes post-processing, and decreases cycle times. SHAPE serves customers in mission critical environments for industries including food processing, material handling, aerospace, automotive lightweighting, and general industrial markets. Shape Technologies Group is based in Kent, Washington.


DEAL STATS #
Overall 2 of 3
Sector: Machinery M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 3
Country: South Korea M&A 1 of 1
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-27 Flow International

Kent, Washington, United States

Flow International Corporation provides technologically advanced, environmentally sound solutions to the manufacturing and industrial cleaning markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Aquarese Industries S.A.

Billy-Berclau, France

Aquarese Industries S.A. is a supplier of advanced robotic waterjet cutting systems and UHP process solutions to the aerospace and automotive industries. Aquarese designs and delivers the most advanced waterjet systems in the industry; including advanced robotic waterjet machining and materials processing technologies.

Buy -