Shape Technologies Group Inc, a portfolio company of American Industrial Partners, announced it has acquired Tops Co Ltd of South Korea. Terms of the deal were not disclosed. Both companies are suppliers of waterjet technology. AIP, which focuses on middle-market buyouts, acquired Shape in 2013, investing an undisclosed amount from its fifth fund, according to its website. Shape, based in Kent, Washington, has about 1,100 empoloyees in 18 sites around the world and produces annual revenue of $390 million, AIP’s website said. AIP closed on $1.8 billion for its sixth buyout fund last year, Buyouts reported.