Apparel software and systems supplier Gerber Technology has been sold by owner Vector Capital to middle-market private equity firm American Industrial Partners (AIP) in a move aimed at broadening the group's product offerings and expanding its global reach.

Vector Capital bought Gerber Technology in 2011 in order to focus on Gerber's core technology offering. As a result, the company has experienced significant growth over the last five years thanks to heavy investment in innovation to release new products, a streamlining of its supply chain and manufacturing operations, and significant expansion of its international presence.

AIP has now acquired all of Gerber's outstanding shares for an undisclosed sum, with the investment made out of American Industrial Partners Capital Fund VI, LP – a $1.8bn fund that closed in September last year.
"We are very excited to have AIP as our new investor," says Mike Elia, Gerber CEO. "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.

"Our partnership will accelerate our investment plans and new product introductions, allowing brands, manufacturers and retailers to reap the benefits of integrated digital technologies including 3D, the Cloud, IoT and advanced vision systems to reach their optimum potential faster." 

AIP's portfolio includes industry leading businesses in related end markets including aerospace, automotive and graphics.

"Gerber's history of innovation and leadership, large install base, and deep industry knowledge is an ideal fit with our investment strategy," says Justin Fish of AIP. "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."
Gerber's apparel industry solutions include YuniquePLM and AccuMark CAD, which enable brands, manufacturers, and retailers to be more efficient, lower costs and integrate their workflows from concept to market.