NEWS
RELEASE
WEG announces acquisition of North
American Bluffton Motor Works
Jaraguá do Sul, March 28, 2016 - 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 manufacturers, pumps and ventilation, among others. Bluffton headquarters
occupies approximately 400,000 square feet, and the company employs over 400
people. Net revenue in 2015 was approximately $64 million.
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.
For more information, contact us at:
Investor Relations
Luis Fernando Oliveira
(47) 3276-6367
Twitter: @weg_ir
luisfernando@weg.net
www.weg.net/ri
Corporate Communications
Andressa Cristina Pereira
(47) 3276-4295
Twitter: @weg_wr
andressa@weg.net
www.weg.net/br/Media-Center
Statements about Future Events
Certain statements herein contain projections or other forward-looking statements regarding future events. Any such statements are
subject to known and unknown risks that may cause the actual results to be materially different from the expectations. Those risks
include, among others, changes in the future demand for the products of the Company, changes in the factors that affect the
domestic and international prices of the products, changes in the cost structures, changes in the markets, changes in the prices
practiced by the competitors, exchange rate variations, changes in the political-economic scenario in Brazil and in emerging and
international markets.
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NEWS
RELEASE
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.
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