The Warner & Swasey Company was an American manufacturer of machine tools, instruments, and special machinery. It operated as an independent business firm, based in Cleveland, from its founding in 1880 until its acquisition in 1980. It was founded as a partnership in 1880 by Worcester Reed Warner (1846–1929) and Ambrose Swasey (1846–1937). The company was best known for two general types of products: astronomical telescopes and turret lathes. It also did a large amount of instrument work, such as equipment for astronomical observatories and military instruments (rangefinders, optical gunsights, etc.) The themes that united these various lines of business were the crafts of toolmaking and instrument-making, which have often overlapped technologically. In the decades after World War II, it also entered the heavy equipment industry with its acquisition of the Gradall brand.
In 1866, Swasey and Warner met as fellow apprentices at the Exeter Machine Works in Exeter, New Hampshire. Within a few years they went together to Pratt & Whitney in Hartford, Connecticut, which was one of the leading machine tool builders of the era. There they both rose through the ranks, with Warner rising to be in charge of an assembly floor and Swasey rising to be foreman of the gear-cutting department. There Swasey invented the epicycloidal milling machine for cutting true theoretical curves for the milling cutters used for cutting gears.