EuroWire January 2024

Corporate News

Wardwell acquires Cobra Braiding Machinery

wire and cable harnessing, and when this opportunity for acquisition arose, we knew it was a great fit for our company and our customers. I have the highest respect for the Cobra line of braiders and especially the company’s managing director, Neil Hyde.” Mr Hyde will remain active in the company as general manager for a period of time yet to be determined. Established in the UK in 1981, Cobra is a family-run company, now in its fourth generation. It manufactures and supplies braiding machines and equipment for a wide range of wiring harness markets, including heavy vehicles, agricultural equipment, construction and mining equipment, military and defence vehicles, marine engines and aerospace. It exports 95 per cent of the braiding machines it manufactures, to countries in Europe, and others including the USA, Mexico, China, Japan and Australia.

Wardwell has announced its acquisition of Cobra Braiding Machinery and its assets. The announcement was made by Wardwell vice president John Tomaz at the company’s headquarters in Rhode Island, USA. According to Mr Tomaz, “Wardwell and Cobra have been friendly competitors for many years on the global market in Futec Europe GmbH An optoelectronic online inspection system, designed for wire diameters from 0.5 to 60mm, from Japanese inspection equipment manufacturer Futec can be integrated into production lines without having to modify them. It captures small surface defects such as scratches, cracks, pores and notches, even if not visible to the human eye, as well as contamination. The system registers their size, shape, position and number, and displays the defects simultaneously on a screen. Read the full story in the March issue Braiding Company

Wardwell gives us the confidence that our customers will continue to receive the performance and support they are accustomed to getting from Cobra.” Wardwell is a member of the Wilms Group, which includes other equipment manufacturers such as Sket, Henrich and Spirka-Schnellflechter. The Wardwell braiding machine offerings will now include the entire Cobra line, highlighted by the Cobra 450. Wardwell Braiding Company www.wardwell.com Neil Hyde of Cobra (left) and John Tomaz of Wardwell celebrate the signing of the deal

Mr Hyde commented, “Teaming up with

ASMAG acquires Reika The family-owned company ASMAG, located in Scharnstein, Austria, is taking over Reika, a German manufacturer of turnkey tube processing systems. The acquisition represents a significant step in ASMAG’s expansion strategy. By integrating Reika’s products into the ASMAG Group’s existing portfolio, a broader range can be offered to shared customers. This will contribute to consolidating the market position, and aligns with the “everything from a single source” strategy. Johann Vielhaber, founder and owner of the ASMAG Group, commented, “The acquisition of Reika is a significant achievement for ASMAG. “We value the know-how that the company brings with its over 100 years of existence and are convinced that this will further strengthen our position as a leading company in the industry.”

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January 2024