NEWS
RELEASE
WEG announces transformers business acquisition
in South Africa
Jaraguá do Sul, April 22, 2015 - WEG S.A. (Bovespa: WEGE3 / OTC: WEGZY),
announced today the acquisition of the high voltage transformers, mini substations,
switchgear manufacturing business and related services from TSS Transformers (Pty)
Ltd ("TSS"), a company based in Heidelberg (Gauteng), South Africa.
Founded in 1994, TSS initially performed transformers maintenance and repair services,
later evolving into manufacturing power transformers up to 40 MVA - 145 kV, mini
substations and switchgear. The company manufacturing assets are located near
Johannesburg, with 45,000 square meters total area.
This is WEG’s second acquisition in the South African transformer market. In 2013, WEG
acquired the transformers mini substations manufacturing business from Hawker
Siddeley Electric Africa (Pty) Ltd. ("HST"), creating the WEG Transformers Africa (Pty)
Ltd. Subsidiary.
According Mr. Carlos Prinz, WEG T&D Managing Director, "this acquisition strengthens
WEG´s position, allowing us to expand both in South Africa and in other African countries
with an integrated, competitive solution, with shorter lead times and local manufacturing
capabilities that few manufacturers in the country can offer. The industrial unit in
Heidelberg is modern and expansion can be modular."
The transaction is subject to certain conditions and to the approval by the South African
authorities.
###
Page 1 of 2
NEWS
RELEASE
For further information, please contact:
Investor Relations
Luis Fernando Oliveira
(47) 3276-6973
Twitter: @weg_ir
luisfernando@weg.net
www.weg.net/ri
Press Relations
Andressa Cristina Pereira
(47) 3276-4295
Twitter: @weg_pr
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-economical scenario in Brazil and in emerging and
international markets.
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. With over 30 thousand employees, it had net revenue of R$ 7.8 billion in 2014.
In Brazil, the group’s headquarters and main industrial plants are located in Jaraguá do
Sul/SC. Other plants are spread over Rio Grande do Sul (Gravataí), Santa Catarina
(Blumenau, Guaramirim, Itajaí and Joaçaba), São Paulo (São Paulo, São Bernardo do
Campo), Amazonas (Manaus), Espírito Santo (Linhares). Overseas, WEG has
manufacturing units in Argentina, Colombia, Mexico, Portugal, South Africa, China, India,
USA, Austria and Germany, besides distribution and trading centers in the USA,
Venezuela, Colombia, Chile, Germany, United Kingdom, Belgium, France, Spain, Italy,
Sweden, Australia, Japan, Singapore, India, Russia and United Arab Emirates.
Page 2 of 2