NEWS
RELEASE
WEG announces acquisition of Transformadores Suntec, in
Colombia
Jaraguá do Sul, May 07, 2015 - WEG S.A. (Bovespa: WEGE3 / OTC: WEGZY)
announced today acquisition of Transformadores Suntec S.A.S. (“Suntec”), transformer
manufacturer with headquarter in Medellin, Colombia.
Suntec is a company founded in 1979, with wide experience in manufacturing oil and dry
transformers. The company’s manufacturing plant occupies around 5,000 square meters
and currently employs 140 people. Revenues in 2014 were of approximately US$ 18
million.
According to WEG T&D Managing Director Mr. Carlos Prinz, “Suntec has built a strong
brand in the Colombian market, recognized for its competitiveness, product quality and
delivery times”. According to Mr. Prinz “this acquisition will put us in a favorable position
in a fast growing market and, combined with our production platforms in Brazil, Mexico
and South Africa, will let us move forward in the transmission and distribution business
internationalization project”.
The transaction is subject to certain conditions and the approval from the competition
authorities in Colombia.
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For more information, please contact:
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$ 7.8 billion in 2014.
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