NEWS RELEASE WEG announces acquisition of German electric motors and gearbox manufacturer

WEG announces acquisition of German electric motors and
gearbox manufacturer
Jaraguá do Sul, February 18, 2014 - WEG S.A. (Bovespa: WEGE3 / OTC: WEGZY)
announced today that has agreed to acquire the electric motors and gearbox
manufacturer Württembergische Elektromotoren GmbH (“Württembergische”). The
acquisition is subject to customary conditions and approvals by regulatory agencies.
Württembergische is a family owned business founded in 1939, and with manufacturing
plants located in Balingen, south central Germany, 75 km from Stuttgart, one of the most
industrialized regions of the country. The company offers of gearboxes, three phase,
single-phase and direct current electric motors up to 1,000 watts and fractional
The manufacturing plant occupies 5,000 square meters area, employing around 80
people. Net revenues in 2013 were of approximately € 7 million.
Mr. Siegfried Kreutzfeld, WEG Motors’ Managing Director, said that the acquisition
attractive for two reasons. “We can now offer a more complete line of gearboxes in the
European market, a segment in which we began to operate the acquisition of Watt Drive,
in 2011” says the executive. “In addition, we get access to a very interesting clients base
right in Europe’s industrial heartland”.
For further information, please contact:
Investor Relations
Luis Fernando Oliveira
(47) 3276-6973
Twitter: @weg_ir
Corporate Communications
Andressa Cristina Pereira
(47) 3276-4295
Twitter: @weg_wr
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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 politicaleconomical 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 27 thousand employees, it had net revenue of R$ 6.2 billion in 2012.
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 and Monte Alto), Amazonas (Manaus), Espírito Santo (Linhares). Overseas,
WEG has manufacturing units in Argentina, 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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