Gleason to buy gear-honing business

Gleason Corp has signed a definitive agreement with Daetwyler Industries AG and MDC Max Daetwyler AG to acquire all assets of Daetwyler’s Faessler gear-honing business.

Under the Faessler brand, Daetwyler has been producing gear-honing machines, related work holding and tools for the high-precision, hard finishing of gears. The business operations of the Faessler division, which has approximately 70 employees, will be acquired by a new Gleason subsidiary, Gleason Switzerland AG, and will continue to operate at its current locations in Bleienbach and Dietikon, both in Switzerland.
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