Unlike Klax, Pipe Dream didn't start in the arcades, it started on the Amiga as "Pipe Mania" in 1989 — programmed by The Assembly Line (UK), with artwork by LucasFilm Games (Mark Ferrari¹).
The arcade version has some very japanese graphics (e.g. those firemen). Not sure if any of those two companies had any involvement with it beyond licensing the rights to Video System.
¹ https://www.youtube.com/watch?v=1ggkeTVIzwg&t=1495s
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