COLD HEADING MACHINE MARKET ANALYSIS

Key Developments

• In June 2022, Messe Düsseldorf is an organization that hosts trade fairs and exhibitions in Düsseldorf, Germany. worked with partners and groups to move the wire and tube trade show to June 2022. This change happened because of the fast spread of the Omicron variant and changing infection rates. Originally, the wire and tube trade show was supposed to happen from May 9 to 13 in 2022, but it was rescheduled. This new date also overlaps with part of the METAV trade show, which is for metalworking technologies. Moving the dates gives people more time to plan and adds more value to the events. The German Machine Tool Builders' Association (VDW) had already moved their important trade show for metalworking technologies to 21-24 June 2022.
• In January 2022, Altra Industrial Motion Corp. is a company that produces power transmission and motion control products for various industries. bought Nook Industries LLC, a top company in the U.S. for linear motion. Nook made around USD 42 million in 2021. This deal is expected to help Altra make more money in 2022, except for any one-time or buying-related costs.
• In March 2021, Deringer-Ney Inc. is a company that specializes in the manufacturing of high-performance materials and precision components for various industries. acquired Hoyt Corporation, a big name in making electrical contacts, copper pieces, and contact assemblies