Walter's acquisition of Wannet's press conference will be held on September 25th

This time, Walter’s official press conference on the absorption of Wannet will be held on September 25, 2009. We have reason to believe that Walter, who has been updated again after the merger, should be able to expand its ability to serve Chinese users for China’s manufacturing industry. Take off to make a contribution they can make.
It is reported that Valenite, which is known for its automotive manufacturing tools, will be absorbed by Walter Tool Company in Germany.
Wannet is one of the world's leading suppliers of carbide tools, known for its unique specialty tools and leading-edge technical services for complex machining solutions. Founded in 1943, Wannet is known as the father of automotive engine parts processing. Its non-standard tooling department is a pioneer in the design and processing of special tools. With 66 years of experience in automotive machining tools, it has hundreds of patented technologies including linear boring tools and cylinder bore automatic compensation boring tools. In particular, it has mature and reliable technology for special tools for slidable and automatic compensation. This technology has been widely used in automobile manufacturers around the world, and has greatly promoted the development level of the entire automotive processing industry.
In the 1990s, Wannet formed Widia Wannet with the German Widia, which was then merged with CINCINNATI MILACRON. It is reported that since then, perhaps thanks to the technical accumulation of the hard alloy inventor of Widia, Vannet's indexable insert technology has made great progress. However, due to the adjustment of its controlling party's investment direction, Wannet and Widia were split in 2002 and sold to the Sandvik Group and the Kennametal Group.
After entering the Sandvik Group, Wannet was part of the Sandvik Tooling division, and together with Sandvik Coromant and Walter, several key members of the division responsible for providing metal cutting solutions. In 2004, Wannet merged with the French veteran tool company SAFETY to further expand its product range, offering metric/imperial standard products as well as a variety of complex non-standard tools, while expanding the range of applications. In addition to its traditional superior automobile manufacturing industry, it has been widely used in aerospace, rail transit, energy, general machinery, medical equipment and other industries.
Walter is also a veteran German tool company, which was founded as early as 1919. At that time, the founder of Walter Peter Walter independently invented the tungsten-cobalt cemented carbide at the same time as Widia, but only in the later patent disputes, the carbide was obtained by Krupp-Widia. Patent, and Walter obtained the corresponding patent for metal cutting tools.
After World War II, Walter gained new development and gradually developed and expanded its product coverage. In 2001, Walter ended the family holding situation, and the family controller resold all of its shares to the Sandvik Group, which had annual sales of 300 million euros and a profit of 40 million euros.
After entering the Sandvik Tools Group, Walter knives stripped the CNC tool grinding department, but through the acquisition established a department engaged in the production of reaming and superhard tools, and gradually absorbed the Titek that was also part of Sandvik tools. Titex and Prototyp were replaced by their corporate logo in 2008.
This time Walter’s official press conference on the absorption of Wannet will be held on September 25, 2009. As the author who has served Walter for 8 years, there is reason to believe that Walter, who has been updated again after the merger, should be able to expand it to China. The ability of user service to make a contribution to the growth of China's manufacturing industry. This is based on the fact that Vannet should be able to enhance Walter's technical strength in two applications in the automotive industry:
1. Wannet can manufacture the car and car crankshaft (internal and external) for the original production that can be produced during the merger of Vannet and Vedia, which is already part of the crankshaft processing. Walter, no doubt should give them a large possibility to expand the market for crankshaft processing (especially the blade market), depending on how Walter operates, see how Wayne responds;
2. In the aspect of linear sickle, the strength of Wannite is strong. Originally, Walter did not have an advantage in this respect. Now, the addition of Wannet will greatly enhance the technical advantage of Walter in the overall solution for the completion of automotive engine manufacturing.
However, you also need to look at Walter's company integration capabilities. The integration of human resources, the company's sales system, product development system and even the integration of the agent system are important after being integrated into a company. If it is not done well, it will greatly weaken the advantages brought about by the merger of enterprises, and even go to the opposite side. It depends not only on the actions of Walter and Wannet, but also on the response of competitors. It is reported that when Kenner Metals acquired Widiya, the original Venetian sales team was extensively cleaned in some places, causing many of the original Wedia customer resources to be wasted by Kennametal. This incident illustrates the arrogance of some Americans in Kenner, who may think that Kennametal's ability is sufficient to cover the original market in West Asia. But the reality gave them a lesson, they gave the market to their competitors. It is reported that Kennametal's sales performance before and after the acquisition of West Asia has not changed much, and the merger did not bring benefits to Kennametal. It is even said that many technicians in Witland Germany have gone to other tool manufacturers including Walter at that time.
In addition, I suspect that Walter's corporate identity may change again. The black vertical bar on the left side of the original red, yellow and green vertical bars will be replaced by the blue color of the flag. Walter's current logo, launched in 2008 after the merger of Titex and Prototyp, integrates three-color vertical bars representing three brands, which is hard to understand. Considering that the launch of the logo is now only about a year after the integration of Vannet into Walter, it should already be arranged. Although there is no decision, this is reserved with black representing the invisible "black box". Joining Wannet now, this black is replaced by the blue of Wannet may be a good choice. As for the black bar and Walter's text, I am afraid it will not change for the time being. The two small images in the picture below are the current logos of Walter and Wannet, while the larger ones are the logos that Walter updated.

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