Gleason completes acquisition of honing firm

Posted on 24 May 2019 and read 716 times
Gleason completes acquisition of honing firmGleason Corp has announced the completion of its acquisition of the assets of Dae-twyler Industries AG’s and MDC Max Daetwyler AG’s Faessler gear-honing business.

The gear-honing machine, work-holding 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 ( is a global leader in gear technology solutions.

The company’s products are used by customers in the automotive, truck, aircraft, agriculture, mining, energy, construction, power tool and marine industries, as well as by a diverse set of customers serving various industrial equipment markets.

It has manufacturing operations in the USA, Brazil, Germany, Switzerland, India, China and Japan, along with sales and service offices in North and South America, Europe and the Asia-Pacific region.

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