NEWS
RELEASE
WEG announces acquisition in Austria
WATT DRIVE ACQUISITION ENHANCES PRODUCT PORTFOLIO AND REINFORCES
WEG’S PRESENCE IN POWER TRANSMISSION
Jaraguá do Sul (SC), November 8th, 2011 - WEG S.A. (Bovespa: WEGE3 / OTC:
WEGZY) announced today that it has signed an agreement to acquire Watt Drive
Antriebstechnik GmbH (“Watt Drive”), an Austrian corporation that designs and
manufactures gearboxes, gear motors, drives and control systems.
Watt Drive, founded in 1972 and based near Vienna, Austria, is a traditional European
player in power transmission, with industrial plants in Austria and assembly units in
Germany and Singapore and an extensive distribution network. Watt Drive’s revenues
in 2011 are estimated to reach € 30 million.
With the Watt Drive acquisition, WEG enhances its products and industrial systems
complete solutions portfolio.
“The market has been demanding power transmission solutions that integrate electric
motors, frequency inverters and gearboxes, as there are clear improvements on
operating performance and energy efficiency maximization” explains Mr. Siegfried
Kreutzfeld, WEG Motores Managing Director. “Our strategy is to offer a complete
portfolio of products and solutions. On doing so, we become more flexible to supply our
clients’ needs and increase our growth potential.”
WEG has recently announced its 2011 third quarter results, showing 11% Net
Reveneus growth over 2011. Outside Brazil, growth reached 17%.
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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
Corporate Communications
Andressa Cristina Pereira
(47) 3276-4295
Twitter: @weg_wr
andressa@weg.net
www.weg.net/br/Media-Center
Statements about Future Expectations
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Versão ago/2011
NEWS
RELEASE
Some statements contained herein may be projections or statements about future expectations.
Such statements are subject to known and unknown risks that may cause such expectations not
to come true or be substantially different from the expected. 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 manufacturer of electric-electronic equipment, having
five main lines: Motors, Power, Transmission and Distribution, Automation and
Coatings. With over 21 thousand employees, it had a gross turnover of R$ 5.3 billion in
2010.
In the country, the group has its headquarter and main industrial plants in Jaraguá do
Sul/SC. The 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 Hortolândia), Amazonas (Manaus), Espírito Santo (Linhares).
Overseas, WEG has manufacturing units in Argentina, México, Portugal, South Africa,
China and India, besides distribution and trading centers in the USA, Venezuela,
Colombia, Chile, Germany, England, Belgium, France Spain, Italy, Sweden, Australia,
Japan, Singapore, India, Russia and United Arab Emirates.
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