classic | mobile


SA Instrumentation & Control Buyers' Guide

Technews Industry Guide - IIoT

Technews Industry Guide - Maintenance, Reliability & Asset Optimisation


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:

  • From the Editor's desk: Automation vendors respond to disruption in the market
    February 2017, Technews Publishing, News
    Led by a crash in the oil price, the global contraction in commodity demand has forced many of the major automation suppliers to refocus operations in an effort to protect their businesses against the ...
  • EtherCAT Technology Group welcomes 4000th member
    February 2017, News
    The EtherCAT Technology Group (ETG) has reached another membership milestone: last November, German supplier of advanced packaging solutions, Koch Pac-Systeme, joined the organisation as member number ...
  • Siemens and IBM partner to bring Watson Analytics to MindSphere
    February 2017, Siemens Digital Factory & Process Ind. & Drives, News
    Siemens and IBM announced a plan to integrate IBM’s Watson Analytics and other analytics tools, powered by Cognos Analytics, into MindSphere, the cloud-based Siemens operating system for the Internet ...
  • NI Technical Symposiums 2017
    February 2017, National Instruments, News
    Attend NI’s largest regional technology and innovation event, the NI Technical Symposium 2017. This complimentary one-day technical event will explore the latest technologies, best practices and application ...
  • ABB wins $640 million mega deal for long distance power transmission link in India
    February 2017, ABB South Africa, News
    ABB has teamed up with India’s national electricity grid operator, Power Grid Corporation of India, in a mega project worth over $640 million to deliver a transmission link that will have the capacity ...
  • WIKA Cape Town calibration lab receives SANAS accreditation for temperature
    February 2017, WIKA Instruments, News
    WIKA’s Cape Town branch operates a satellite calibration laboratory affiliated to the main laboratory at the Johannesburg Head Office. The Cape Town facility consists of both a stationary laboratory at ...
  • Wonderware X-Change 2017
    February 2017, Wonderware Southern Africa, News
    Not many user conferences can boast of a 25-year history of success, but Wonderware Southern Africa’s X-Change can. This track record is due to the conference’s recognition by South African industry professionals ...
  • SEW-Eurodrive plans to increase local assembly capability
    February 2017, SEW-Eurodrive , News
    SEW-Eurodrive’s commitment to South Africa and the continent is underscored by the fact that the bulk of its regional turnover is still generated by the mining and minerals-processing industry. This is ...
  • Festo gives customers a taste of its process automation offering
    February 2017, Festo, News
    Towards the end of last year, Festo hosted a series of whisky tastings on a national scale. Each event was backed up by a strong Festo team presence. Some of the senior management team from Festo’s ...
  • Latest assembly cells for SEW-Eurodrive Cape Town
    February 2017, SEW-Eurodrive , News
    SEW-Eurodrive Cape Town has invested in new assembly cells for geared motors to speed up production, increase quality and reduce wastage. “We have definitely started to do more business on the electronics ...
  • Rockwell Automation celebrates collaboration with Low Voltage Switchboards
    February 2017, Rockwell Automation, News
    Rockwell Automation sub-Saharan Africa is marking seven years of successful collaboration with panel and cabinet assembler, Low Voltage Switchboards. It is a collaboration that leverages increased market ...
  • National Laboratory Association Call for Papers
    February 2017, National Laboratory Association, News
    The Test & Measurement 2017 Conference and Workshop will be held from the 31 July to 1 August at the Georges Hotel & Convention Centre in Centurion. The theme this year is ‘Measurement science for growth ...

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.