# Gleason to acquire Faessler honing business from Daetwyler Group

Gleason Corporation signed a definitive agreement to acquire all assets of Daetwyler's Faessler gear honing business, including machines, workholding and tools, for an undisclosed amount.

- Type: Acquisition
- Announced: 2019-02-26
- Where: Bleienbach and Dietikon, Switzerland, Switzerland
- Jobs: 70
- Status: announced
- Products: gear honing machines, workholding, tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Daetwyler Group](https://endata.com/companies/14036.md) (target)
- [Gleason Corporation](https://endata.com/companies/37584.md) (acquirer)
- [Daetwyler Industries AG](https://endata.com/companies/38046.md) (target)
- [MDC Max Daetwyler AG](https://endata.com/companies/38047.md) (target)

## Sources

- [gleason.com](https://www.gleason.com/pt/facts-and-news/news-room/gleason-to-acquire-faessler-honing-business-from-daetwyler-group-in-an-asset-deal), 2019-02-26: "Faessler is a leader in honing technology for gears and ideally complements Gleason's existing product line for gear hard finishing solutions."
- [machinetoolmarket.co.za](https://machinetoolmarket.co.za/2019/03/15/gleason-to-acquire-faessler-honing-business/), 2019-03-15: "Faessler is a leader in honing technology for gears and ideally complements Gleason’s existing product line for gear hard finishing solutions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.