WEG SA - Company Profile

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WEG SA: Overview

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WEG SA (WEG) is an electric-electronic equipment company. It produces and trades capital goods such as electric motors, generators and transformers; frequency converters; motor starters and maneuver devices; gear units and geared motors; control and protection of electric circuits and industrial automation; electric traction solutions for urban and sea transportation; solutions for the generation of renewable and distributed energy; electric substations; industrial electro electronic equipment systems; no-breaks and alternators for groups of generators; and industrial paints and varnishes. The company serves various sectors, including infrastructure, steel, pulp and paper, oil and gas, and mining, among others. It operates manufacturing facilities in Argentina, Mexico, the US, Colombia, Brazil, Spain, Portugal, Germany, Austria, India, China, and South Africa. WEG is headquartered in Jaragua do Sul, Santa Catarina, Brazil.

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Headquarters Brazil
Address Av. Prefeito Waldemar Grubba, 3300, Vila Lalau, Jaragua Do Sul, 89.256-900
Website www.weg.net/br
Telephone 55 47 32764000
No of Employees 40,793
Industry Industrial Goods and Machinery
Ticker Symbol & Exchange WEGE3 (SAO)
Revenue (2022) $6.5B 8.7% (2022 vs 2021)
EPS XYZ
Net Income (2022) XYZ 36.2% (2022 vs 2021)
Market Cap* $30.9B
Net Profit Margin (2022) XYZ 25.3% (2022 vs 2021)
* As of and is in US$
View WEG SA financials
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WEG SA premium industry data and analytics

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IT Services Contracts

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Products and Services

Products
Electric Motors
Gearboxes and Geared Motors
Generation, Transmission, and Distribution Products
XYZ
XYZ
XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Contracts/Agreements In April, the company entered into a partnership with Eskimo to supply five 1000kVA, 15kV dry-type transformers.
2023 New Products/Services In October, the company launched its new range of electric vehicle charging systems, the WEMOB parking recharging stations to the European market.
2023 Contracts/Agreements In September, the company entered into an agreement to acquire Industrial Motors and Generators businesses from Regal Rexnord.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
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Competitor Comparison

Key Parameters WEG SA Siemens AG General Electric Co Schneider Electric SE Nidec Corp
Headquarters Brazil Germany United States of America France Japan
City Jaragua Do Sul Muenchen Boston Rueil-Malmaison Kyoto-Shi
State/Province - Bayern Massachusetts Haute Normandie Kyoto
No. of Employees 40,793 321,000 125,000 168,044 106,592
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Decio da Silva Chairman Executive Board 2008 -
Harry Schmelzer Jr. Chief Executive Officer Senior Management 2007 -
Wilson Jose Watzko Chief Controlling Officer Senior Management - -
Nildemar Secches Vice Chairman Executive Board - -
Carlos Jose Bastos Grillo Director; Managing Director - WEG Digital & System Executive Board - -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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