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.
RS South Africa shapes future engineering talent RS South Africa
News
RS South Africa is demonstrating that nurturing future engineers goes beyond traditional classrooms or competitions. On STEM Day, the company shone a light on the full spectrum of its educational initiatives.
Read more...UKZN’s SMART lab wins aviation award
News
: The SMART Lab at UKZN was awarded first place in the Aviation Research and Development category at the Civil Aviation Authority of South Africa’s award ceremony for outstanding contributions and achievements in the aviation sector.
Read more...Meta and partners announce completion of 2Africa subsea cable system
News
Meta, in partnership with leading global and regional telecommunications companies, has announced the completion and activation of the core 2Africa subsea cable system. This marks a historic milestone in digital infrastructure, establishing what the world’s longest open-access subsea cable system.
Read more...SEW-EURODRIVE unveils world class facility in Gqeberha
News
In a landmark event in the Eastern Cape attended by key customers and industry leaders, SEW-EURODRIVE officially opened its expanded state-of-the-art facility in Gqeberha, marking a major milestone in its strategy to strengthen regional support and deepen its footprint in the region.
Read more...Africa’s brightest young battery innovators Schneider Electric South Africa
News
Schneider Electric and Enactus, the international NGO dedicated to inspiring students through entrepreneurial action, have announced the winners of the 2025 Energy Transition Battery Innovation Challenge, funded by the Schneider Electric Foundation. It empowers young innovators to design battery solutions addressing the region’s most pressing energy challenges.
Read more...The road to the Indaba
News
The Africa Automation Indaba 2026 is set to become a landmark gathering for Africa’s automation, process control and manufacturing community. SA Instrumentation and Control will be running a dedicated editorial series spotlighting the voices, ideas and debates shaping Africa’s industrial future.
Read more...Crash reconstruction tests advance vehicle safety research
News
The University of KwaZulu-Natal’s Scientific Multidisciplinary Advanced Research Technologies (SMART) Lab recently participated in a series of collaborative crash reconstruction tests held at the Toyota Test Track.
While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.
printer friendly version