NEWS
RELEASE
WEG announces acquisition of electric motors
manufacturer in Germany
Jaraguá do Sul, December 01, 2014 - WEG S.A. (Bovespa: WEGE3 / OTC: WEGZY)
announced today acquisition of Antriebstechnik KATT Hessen GmbH (“KATT”), an
electric motors manufacturer with headquarters in Homberg, Germany.
KATT originated in 2002, from the merger of KATT Motoren, founded in 1924, and its
AKS development affiliate. Over the years, KATT has accumulated large experience in
manufacturing high-speed motors and a strong technological development expertise.
The company has two manufacturing units, in Homberg and Dresden, employing around
190 people. Net revenues in 2013 were of approximately € 14.4 million.
According Mr. Siegfried Kreutzfeld, WEG Motors’ Managing Director, “KATT was
competent to develop technical capabilities, sophisticated products and recognition in
the German market, one of the world’s most demanding”.
This is the second acquisition held by WEG in Germany in 2014. On February, company
also acquired an electric motors and gearbox manufacturer, Württembergishe
Elektromotoren GmbH, in Balingen.
For Mr. Kreutzfeld, “KATT acquisition will allow WEG expand its research and
development of special high-speed machines as well as strengthen our market
leadership in areas of energy efficiency in industrial electric motors. Combined with our
existing operations in Germany, in Cologne and Balingen, we will have even greater
competitiveness in European market, mainly with shorter lead times”.
The transaction is subject to certain conditions and to approval by the German
authorities.
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For further information, please contact:
Investor Relations
Luis Fernando Oliveira
(47) 3276-6973
Twitter: @weg_ir
luisfernando@weg.net
www.weg.net/ri
Corpotate Communications
Andressa Cristina Pereira
(47) 3276-4295
Twitter: @weg_wr
andressa@weg.net
www.weg.net/br/Media-Center
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NEWS
RELEASE
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 29 thousand employees, it had net revenue of R$ 6.8 billion in 2013.
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.
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