Gear Solutions Provider Acquires Cutting Tool Manufacturer

Gleason Corporation signed a definitive agreement to acquire IMS Koepfer Cutting Tools GmbH of Eisenbach, Germany, from IMS Gear GmbH and Koepfer Verzahnungsmaschinen GmbH.

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Gleason Corporation signed a definitive agreement to acquire IMS Koepfer Cutting Tools GmbH of Eisenbach, Germany, from IMS Gear GmbH and Koepfer Verzahnungsmaschinen GmbH. IMS Koepfer is a producer of 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 CEO of Gleason Corporation, says, "Their (IMS Koepfer) 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.”