Rochester, New York, USA, April 30, 2019. Gleason Corporation today announced the completion of its acquisition of the assets of Daetwyler Industries AG’s and MDC Max Daetwyler AG’s Faessler gear honing business. The gear honing machine, workholding and tooling business operations of Daetwyler’s Faessler division for the high-precision hard finishing of gears have been acquired by Gleason’s subsidiary, Gleason Switzerland AG by way of an asset deal. Faessler’s management team and employees have agreed to join Gleason. Gleason previously announced the execution of a definitive agreement to acquire all assets and certain contractual relationships of Daetwyler’s gear honing business on February 26, 2019.
Gleason is a global leader in gear technology solutions. Our mission of Total Gear Solutions ranges from the development and sale of gear design software to the development, manufacture and sale of gear production machinery and related accessories, metrology equipment and automation solutions. The Company’s products are used by customers in automotive, truck, aircraft, agriculture, mining, energy, construction, power tool and marine industries and by a diverse set of customers serving various industrial equipment markets. Gleason has manufacturing operations in the United States, Brazil, Germany, Switzerland, India, China and Japan, and has sales and service offices throughout North and South America, Europe and in the Asia-Pacific region. More information about Gleason Corporation is available at www.gleason.com
Daetwyler Global Tec Holding
Founded in 1943 in Switzerland, Daetwyler Industries manufactures benchmark-quality machine beds, frames and components across the entire machine tool industry including to customers with the highest tolerance requirements, hence the long-standing collaboration with Gleason Corporation. The highly
Press Release diversified Daetwyler Group is also a market leading supplier of consumables and supplies to the printing industry with manufacturing locations in Switzerland, U.S.A., China and India.
For further information please contact:
Christian Albrecht, Director Global Marketing