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American Gleason acquires German IMS KOEPFER tool company
Recently, Gleason Corporation of the United States announced the acquisition of German IMS KOEPFER Tool Co., Ltd., which includes IMS Gear Co., Ltd. and KOEPFER Gear Machinery Co., Ltd. The specific transaction amount was not disclosed. The deal is subject to merger control clearance in Germany and is expected to be fully completed by the end of the year. It is understood that IMS KOEPFER Tool Company is a manufacturer of high-quality gear cutting tools and related products and services. The company with around 70 employees will be renamed Gleason Knife GmbH and will continue to operate in Eschenbach, Germany under the current management team. A small subsidiary of IMS KOEPFER Tool Company in Taicang, China is also included in the acquisition. IMS Gear Co., Ltd., which celebrates its 150th anniversary this year, is a global leader in gear and transmission technology, with manufacturing plants in Germany, the United States, Mexico and Duna, China. KOEPFER Gear Machinery, a subsidiary of Germany's EMAG Holding GmbH, is a global leader in machine tool construction and production systems. Commenting on the acquisition, John J. Perrotti, President and Chief Executive Officer of Gleason Corporation, said, 'The gear cutting tools offered by IMS KOEPFER Tool Company are exceptional in technology, quality and delivery. Recognized as leaders in terms of time. Their reputation in the European market and the design and manufacturing capabilities of carbide hobs allow us to extend our products to US and international customers in various industries such as medical, power tools, automotive and gears Processing industries etc. offer great opportunities. For their products, we will use our extensive global marketing organization to further expand sales.” said Dieter Lebzelter, General Manager of IMS Gears. “We represent IMS Gears. And KOEPFER GEAR MACHINERY, I'm delighted to have a company like Gleason with a long history in the gear processing equipment market as the new owner of this business. IMS KOEPFER's management and staff have done an excellent job of expanding the business and we are confident in the future And it will continue to be so. Gleason's core values u200bu200bare very similar to ours, providing a smooth, smooth transition for our employees.' Gleason's mission is to be a total gear solutions provider for its customers around the world. Gleason is a world leader in the development, production and sales of gear machining machine tools and related equipment. The company's products are used in automobiles, trucks, aircraft, agriculture, mining, wind energy, construction, heavy machine tools and marine industries. It has a diverse customer base serving a variety of industrial equipment markets, and its sales and offices are located in Europe, America and the United States. Asia-Pacific.