WEG: Brazilian Giant With Global Presence Just Acquired American Company Worth R$ 2 Billion, Along with Incorporating 2,800 Employees in Over 7 Countries

Written by Roberta Souza

Published on 08/05/2024 at 21:32

Foto: Reprodução infomoney.com

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Purchase Of American Regal Rexnord Corporation By Brazilian Weg Expands Global Presence Of Catarinense Company

The Brazilian multinational WEG, based in Jaraguá do Sul, has completed the acquisition of the industrial electric motors and generators business from American Regal Rexnord Corporation. The deal, announced in September of last year, was concluded for 400 million dollars, approximately R$ 1.98 billion, according to the dollar exchange rate at the time. With the purchase, the net operating revenue from the acquired Regal Rexnord businesses reaches almost R$ 3 billion, according to the Ndmais website.

In addition to the acquisition of the American brands Marathon, Cemp, and Rotor, WEG will incorporate about 2,800 employees who work in ten factories located in seven countries: the United States, Mexico, China, India, Italy, the Netherlands, and Canada.

Net Profit Of Over 1 Billion From Brazilian

The catarinense company also announced a net profit of R$ 1.32 billion in the first quarter of 2024, a 1.6% increase compared to the same period last year. During this quarter, the company’s net operating revenue was R$ 8 billion, representing a growth of 4.4%.

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New Facilities Of Weg In Mexico

In March, Brazilian WEG announced an investment of R$ 100 million in a new industrial liquid paints factory in Mexico, expected to be operational by early 2026. With approximately 5,300 m², the new unit aims to increase production capacity and serve the North and Central American markets.

The acquisition of American Regal Rexnord Corporation and the new investments from Brazilian WEG reinforce the growth and expansion of the catarinense company globally, consolidating its position as one of the leading players in the industrial electric motors and generators market.

WEG: Brazilian Giant With Global Presence Just Acquired American Company Worth R$ 2 Billion, Along with Incorporating 2,800 Employees in Over 7 Countries

Purchase Of American Regal Rexnord Corporation By Brazilian Weg Expands Global Presence Of Catarinense Company

Net Profit Of Over 1 Billion From Brazilian

New Facilities Of Weg In Mexico

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WEG: Brazilian Giant With Global Presence Just Acquired American Company Worth R$ 2 Billion, Along with Incorporating 2,800 Employees in Over 7 Countries

Purchase Of American Regal Rexnord Corporation By Brazilian Weg Expands Global Presence Of Catarinense Company

Net Profit Of Over 1 Billion From Brazilian

New Facilities Of Weg In Mexico

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

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