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Latest Industry News

Gleason Corp. acquires Fässler honing business
News May 8, 2019
Gleason Corp. acquires Fässler honing business
ROCHESTER, NEW YORK USA. Gleason Corporation today announced the signing of a definitive agreement with Daetwyler Industries AG and MDC Max Daetwyler AG to acquire all assets of Daetwyler's Faessler gear honing business.
Kaast Machine Tools Inc. hires 3
News May 8, 2019
Kaast Machine Tools Inc. hires 3
ALDAN, PA: KAAST Machine Tools, Inc. has added a new sales technician, service technician, and office assistant to their quickly growing staff.
TTG Automation names general manager
News May 8, 2019
TTG Automation names general manager
Temperance, Mich. – TTG Automation, a Tooling Tech Group (Macomb, Mich.) company and supplier of secondary tooling, fixtures and automation solutions, has announced the appointment of Tyson Stoll as general manager.
Beckhoff Automation LLC selects president
News May 7, 2019
Beckhoff Automation LLC selects president
SAVAGE, Minnesota – Beckhoff Automation is pleased to announce that Kevin Barker has been appointed the new president of Beckhoff Automation LLC to manage Beckhoff business operations across the US.
Absolute Machine Tools Inc. is sold
News May 7, 2019
Absolute Machine Tools Inc. is sold
[LORAIN, OH] Absolute Machine Tools announces that the company has been sold and is now owned by an Employee Stock Ownership Trust (ESOP), effective immediately.
Motion Industries Inc. to acquire Axis New England
News May 7, 2019
Motion Industries Inc. to acquire Axis New England
Birmingham, AL – Motion Industries, Inc., a distributor of maintenance, repair, and operation replacement parts and a wholly owned subsidiary of Genuine Parts Company (GPC), announced today the that it has entered into a definitive agreement to acquire Axis New England and Axis New York ("Axis"), an automation and robotics company based in Danvers, MA.

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