- Business
- WEG S.A. (WEGE3.SA) manufactures electric motors, generators, alternators, transformers, wind turbines, steam turbines, water turbines, switchgear, frequency inverters, soft-starters, industrial gearboxes, servomotors, contactors, circuit breakers, power factor correction capacitors, coatings, varnishes, battery energy storage systems (BESS), automation hardware and software, electric traction systems, and integrated engineering solutions for industrial applications; the company provides EPC services for transmission and distribution, repair and repowering of electrical and mechanical machines, and complete systems for renewable energy, e-mobility, microgrids, and network reliability. Headquartered in Jaraguá do Sul, Brazil, and founded in 1961 by Werner Ricardo Voigt, Eggon João da Silva, and Geraldo Werninghaus, WEG operates production facilities in 15 countries including Brazil, the United States, Mexico, China, India, Portugal, and South Africa, with subsidiaries in 37 countries across approximately 140 nations serving industrial, energy, infrastructure, and infrastructure sectors worldwide. Recent developments include the 2024 acquisition of Regal Rexnord's industrial electric motors and generators business encompassing Marathon, Cemp, and Rotor brands with operations in 10 factories across seven countries; the acquisition of a controlling stake in Tupinambá Energia in 2025 to bolster e-mobility charging network software and services; the 2025 purchase of Heresite Protective Coatings assets to expand U.S. industrial coatings for oil & gas and water treatment; a US$62 million investment announced in late 2024 to increase production capacity at its Rugao, China site; a $77 million modernization of its special transformers plant in Missouri; BRL 1.1 billion energy unit investments in Brazil; and new factory construction in Santo Tirso, Portugal, set to commence operations in early 2024, enhancing large motor production.