WEG ACQUIRES ELECTRIC MOTORS AND GENERATORS BUSINESS FROM REGAL REXNORD

THROUGH ITS INDIRECT subsidiaries abroad, WEG has announced the acquisition of the industrial electric motors and generators business of Regal Rexnord Corporation, a global manufacturer of electromechanical equipment. The acquisition value is $400 million, subject to standard price adjustments for this type of transaction.

This transaction focuses on the industrial electric motors and generators businesses of the Marathon, Cemp, and Rotor brands within the Industrial Systems operational segment of Regal Rexnord, a company headquartered in the United States and listed on the New York Stock Exchange.

WEG will also integrate a team of approximately 2,800 employees operating in ten factories in seven countries (United States, Mexico, China, India, Italy, the Netherlands, and Canada) and commercial subsidiaries in 11 countries. The net operating revenue of these businesses in 2022 was approximately R$ 2.8 billion (US$ 541.5 million), with an adjusted EBITDA margin of 9.5%.