classic | mobile


SA Instrumentation & Control Buyers' Guide


WEG announces acquisition of a controlling stake in TGM
February 2017, News

WEG S.A. has announced the acquisition of a controlling stake in TGM Indústria e Comércio de Turbinas e Transmissões Ltda. (TGM), a Brazilian manufacturer of turbines and transmissions with headquarters in São Paulo, Brazil.

Founded in 1991, TGM is a leading Brazilian provider of solutions and equipment for power generators, focusing on thermal and wind renewable energy, from the initial viability studies to the complete plant operation, including systems studies and industrial energy planning. It also provides equipment for mechanical drives, like hoods, fans, shredders, water pumps, mills, sugar cane levellers, turbo chargers, turbo blowers and a specific line for industrial processes.

In addition to the Sertãozinho headquarters, which occupies an area of 70 000 square metres, the TGM also has units in Maceio, São José dos Campos (SP) and Nuremberg, employing around 1000 people. Net revenue in 2015 was approximately R$238 million.

According to Eduardo de Nóbrega, WEG Energy managing director, the TGM acquisition will expand WEG’s product line in thermal generation and other industrial segments. “We will offer complete solutions that will be more competitive and more attractive. In addition, TGM has an important presence in the external market, which strengthens our position as a global company,” he explains.

The transaction is subject to certain conditions and to the approval from the competition authorities.

For more information contact Kirsten Larkan, Zest WEG Group Africa, +27 (0)11 723 6000,,

Supplied By: Zest WEG Group Africa
Tel: +27 11 723 6000
Fax: +27 11 723 6001
Share via email     Share via LinkedIn   Print this page

Further reading:

Technews Publishing (Pty) Ltd
1st Floor, Stabilitas House
265 Kent Ave, Randburg, 2194
South Africa
Publications by Technews
Dataweek Electronics & Communications Technology
Electronic Buyers Guide (EBG)

Hi-Tech Security Solutions
Hi-Tech Security Business Directory

Motion Control in Southern Africa
Motion Control Buyers’ Guide (MCBG)

South African Instrumentation & Control
South African Instrumentation & Control Buyers’ Guide (IBG)
Terms & conditions of use, including privacy policy
PAIA Manual


    classic | mobile

Copyright © Technews Publishing (Pty) Ltd. All rights reserved.