Under the Faessler brand, Daetwyler has been producing gear honing machines, related workholding and tools for the high precision hard finishing of gears. The business operations of the Faessler division, which have approximately 70 employees, will be acquired by a new Gleason subsidiary, Gleason Switzerland AG, and will continue to operate at the current locations in Bleienbach and Dietikon, both located in Switzerland. Gleason will retain Faessler’s existing management team and expects Faessler’s current employees to join Gleason.
Commenting on the acquisition, John J. Perrotti, president and CEO of Gleason Corporation, said: “Faessler is a leader in honing technology for gears and ideally complements Gleason’s existing product line for gear hard-finishing solutions. Faessler’s established presence in the global marketplace and Gleason’s extensive sales and service organisation will create great synergies for existing and new customers.”
Ralph Daetwyler, CEO of Daetwyler Global Tec Holding, rtesponded: “We are pleased to have a company such as Gleason with its long tradition in gear technology and the gear production equipment market become the new owner of this business. We are proud of the accomplishments of the Faessler team, and we believe the potential for Faessler’s continued growth and success by being part of Gleason, with its market leadership and global reach, is truly exciting.”
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. Gleason Sales (UK) operates out of Coventry.
The Daetwyler Group is a highly diversified operation that is a leading supplier of consumables and supplies to the printing industry, with manufacturing locations in Switzerland, Estonia, USA., China and India.
