WEG Strengthens Position in Turkey's Growing Electric Motor Market

WEG Strengthens Position in Turkey's Growing Electric Motor Market

WEG S.A. has announced the acquisition of Volt Electric Motors, a prominent Turkish manufacturer, for US$88 million (R$498.9 million). This purchase aims to boost WEG’s presence in the Middle East and nearby areas. Moreover, it’s part of WEG’s plan to become a key player in the global electric motor market. Volt Electric Motors, founded in […]

The Brazilian multinational Weg announced, this Thursday, the 12th, the acquisition of Volt Electric Motors, a Turkish manufacturer of industrial and commercial electric motors. The purchase amount was US$ 88 million. The transaction, subject to common price adjustments, will be concluded after the above conditions are met. In Brazil, approval requires the necessary approval of regulatory agents, as reported to the Securities and Exchange Commis…

Brazilian electric motor company Weg has signed an agreement to acquire Saya Holding’s subsidiary Volt Electric Motors, which produces industrial and commercial electric motors.

The Brazil-based international company WEG, which operates in 440 countries and has factories in 17 countries and employs more than 45,000 people, has signed an agreement to acquire Volt Motor, a subsidiary of Turkey-based Saya Holding.

Forbes, the most renowned business and economics magazine in the world. Getty ImagesThe company intends to expand its operation with the acquisition WEG signed contracts to acquire the Turkish manufacturer of industrial and commercial electric motors Volt for US$ 88 million (R$ 492 million; enterprise value), according to the Brazilian company's market announcement this Thursday (12th). Also read Forbes Money OnlyFans billionaire pays R…

In 2023, the acquired company recorded net operating income of US$ 70 million, with an EBITDA margin of 18.5%