WEG Announces Acquisition of North American Bluffton Motor Works
Jaraguá do Sul – WEG S.A. (Bovespa: WEGE3 / OTC: WEGZY) announced the acquisition of Bluffton Motor Works, LLC. (“Bluffton”), an electric motor manufacturer with headquarters in Bluffton, Indiana, USA.
Founded in 1944, Bluffton specializes in manufacturing fractional electric motors up to 5 HP, offering a wide range of customized products to customers in the United States. Market segments served include food beverage processing, industrial and commercial equipment manufacturing, pumping and ventilation, among others. Bluffton headquarters occupies approximately 400,000 square feet, and the company employs over 400 people.
According to Mr. Luis Alberto Tiefensee, WEG’s Motors Managing Director, Bluffton is recognized for excellence in engineering and manufacturing of fractional motors for custom applications, which is aligned with WEG’s focus for the US market.
"This acquisition is strategic to expand and to provide greater flexibility to WEG’s capabilities in the world's largest market for fractional electric motors. It also brings major product line expansion, which complements our current product portfolio for North America", Tiefensee explains.
About WEG – Founded in 1961, WEG operates mainly in the sector of capital goods and is one of the largest world manufacturers of electric-electronic equipment, having five main businesses: Motors, Energy, Transmission and Distribution, Automation and Coatings. WEG has manufacturing units in 11 countries and is present in more than 100 countries, servicing all industrial segments, including oil and gas, mining, infrastructure, steel, pulp and paper, renewable energy, among many others. With over 31 thousand employees, WEG’s Net Revenues reached R$ 9.8 billion in 2015.
For more information, contact us:
Investor Relations
Luis Fernando Oliveira
(47) 3276-6367
luisfernando@weg.net
www.weg.net/ri
Corporate Communications
Andressa Cristina Pereira
(47) 3276-4295
andressa@weg.net
www.weg.net/br/Media-Center
