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Gleason Acquires KISSsoft AG



Gleason Corporation has acquired KISSsoft AG, located in Bubikon, Switzerland. KISSsoft develops design software for gears and power transmission systems, serving customers globally across a wide spectrum of industries.

Dr. Ulrich Kissling, Founder and Chief Executive Officer of KISSsoft, said: "We are excited about our future partnership with Gleason. Given Gleason's mission as a total gear solutions provider, its strength in bevel gear design and its position as a world leader in gear manufacturing and metrology solutions, the potential opportunities to provide our customers with new solutions is compelling. In addition, Gleason's global reach and long-time customer relationships will open up new doors for our products."

John J. Perrotti, President and Chief Executive Officer of Gleason Corporation, added: "KISSsoft joining Gleason will deliver significant synergies and provide our customers greater value by linking design and manufacturing expertise, having the potential to radically improve the efficiency of designs and the manufacturing solutions optimum for those designs. The KISSsoft team has developed a strong base of loyal customers that we look forward to serving together with KISSsoft. The existing KISSsoft management team and entire staff will remain intact with an ever-greater focus on serving its customers."

For more information contact:

Gleason Corporation

1000 University Avenue

P.O. Box 22970

Rochester, NY 14692-2970

585-473-1000

sales-americas@gleason.com

www.gleason.com

KISSsoft AG

www.kisssoft.ag

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