Nov 29, 2013
ROCHESTER, NEW YORK USA, November 29, 2013. Gleason Corporation today announced the signing of a definitive agreement to acquire IMS KOEPFER Cutting Tools GmbH of Eisenbach, Germany from IMS Gear GmbH and KOEPFER Verzahnungsmaschinen GmbH. IMS KOEPFER Cutting Tools is a producer of high-quality gear cutting tools and related products and services. The company which has approximately 70 employees will be renamed Gleason Cutting Tools GmbH and continue to operate at its current location in Eisenbach, Germany, with its existing management team. IMS KOEPFER Cutting Tools has a small subsidiary in Taicang, China which is included in the acquisition. The transaction is subject to merger control clearance in Germany. It is expected to be completed by year-end.
Commenting on the acquisition, John J. Perrotti, President and Chief Executive Officer of Gleason Corporation, said, “IMS KOEPFER Cutting Tools is recognized as a leader in technology, quality and delivery lead times for gear cutting tools. Their established presence in the European market and strength in the design and manufacture of carbide hobs provides us great opportunities to expand our product reach to both local and global customers in industries including medical, power tools, automotive and gear job shops. We will use our extensive global sales and marketing organization to further expand sales for their products”.
Dieter Lebzelter, Managing Director of IMS Gear, said, “On behalf of both IMS Gear and KOEPFER Verzahnungsmaschinen GmbH we are pleased to have a company such as Gleason with its long tradition in the gear production equipment market become the new owner of this business. The IMS KOEPFER management team and employees have done an excellent job in developing the business and we are confident will continue to do so in the future. Gleason is a company which has similar core values as ours and will provide a smooth and successful transition for our employees.”
IMS Gear GmbH, celebrating this year its 150th anniversary, is a global leader in gear and transmission technology with manufacturing plants in Germany, the United States, Mexico and China.
KOEPFER Verzahnungsmaschinen GmbH is a subsidiary of EMAG Holding GmbH, Germany, a global leader in machine tool production and production systems.
Gleason Corporation’s mission is to be The Total Gear Solutions Provider™ to its global customer base. Gleason is a leader in the development, manufacture and sale of gear production machinery and related equipment. The Company’s products are used by customers in automotive, truck, aircraft, agriculture, mining, wind power, construction, power tool and marine industries and by a diverse set of customers serving various industrial equipment markets. Gleason has manufacturing operations in Rochester, New York; Rockford, Illinois; Dayton, Ohio; Munich and Ludwigsburg, Germany; Studen, Switzerland; Bangalore; India, Suzhou, China and Niigata City, Japan, and has sales and service offices throughout North and South America, Europe and in the Asia-Pacific region.
