Gleason acquires IMS KOEPFER Cutting Tools

Published
November 28, 2013 - 06:00pm

Gleason Corp., Rochester, N.Y., announced the signing of a definitive agreement to acquire IMS KOEPFER Cutting Tools GmbH from Eisenbach, Germany's IMS Gear GmbH and KOEPFER Verzahnungsmaschinen GmbH of Furtwangen. IMS KOEPFER Cutting Tools is a producer of gear-cutting tools and related products and services. The company will be renamed Gleason Cutting Tools GmbH and continue to operate with its existing management team at its current location in Eisenbach. IMS KOEPFER Cutting Tools' subsidiary in Taicang, China, is included in the acquisition. The transaction is subject to merger control clearance in Germany, and is expected to be completed by the end of 2013. 

Related Glossary Terms

  • clearance

    clearance

    Space provided behind a tool’s land or relief to prevent rubbing and subsequent premature deterioration of the tool. See land; relief.

INDUSTRY NEWS

07/17/2024
WFL Multifunction Turning and Milling Centers are employed across various industries, with aerospace being a significant market. ArianeGroup, at the forefront of space transportation, stands as a…

07/11/2024
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT – The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (…

07/08/2024
EXAIR, a leader in engineered compressed air solutions and static elimination, and BETE, an engineered spray nozzle and spraying systems manufacturer, have entered into a definitive merger agreement…