WEG provides electric engineering, power and automation technology services. Read more

121 Followers on Owler
121 Followers on Owler
121 Followers on Owler
121 Followers on Owler

WEG provides electric engineering, power and automation technology services. Read more

Harry Schmelzer's photo - CEO of WEG Equipamentos Eletricos S.A.

CEO

Harry Schmelzer

CEO Approval Rating

97/100

Founded:

09/1961

Status:

PublicIndependent CompanyOtherWEGE3

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Siemens has been one of WEG Equipamentos Eletricos S.A.'s top competitors. Siemens is a Public company that was founded in 1847 in Munich, Bavaria. Like WEG Equipamentos Eletricos S.A., Siemens also competes in the Electrical Components & Equipment sector. Compared to WEG Equipamentos Eletricos S.A., Siemens has 261,170 more employees.

ABB is seen as one of WEG Equipamentos Eletricos S.A.'s biggest rivals. ABB is a Public company that was founded in Zurich, Zurich in 1883. ABB operates in the Heavy Electrical Equipment industry. ABB has 78,170 more employees vs. WEG Equipamentos Eletricos S.A..

Emerson Electric is perceived as one of WEG Equipamentos Eletricos S.A.'s biggest rivals. Emerson Electric was founded in Saint Louis, Missouri} in 1890. Like WEG Equipamentos Eletricos S.A., Emerson Electric also operates in the Electrical Components & Equipment sector. Compared to WEG Equipamentos Eletricos S.A., Emerson Electric generates $13.7B more revenue.

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Quarterly and Annual Revenue

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Annual Revenue

$3.1B

WEG Equipamentos Eletricos S.A.'s revenue is the ranked 25th among it's top 10 competitors. The top 10 competitors average 21.8B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
MVisia

Jun 2020

Source »
undisclosed
MVisia develops an AI-based ESOS vision system that offers production process automation solutions for the industrial sector.
PPI-Multitask Systems and Automation Ltd.

Sep 2019

Source »
undisclosed
PPI-Multitask provides industrial automation, scheduling and manufacturing execution systems and IIoT software products for the manufacturing sector.

-

-

Aug 2017

Source »
$37M
-
SAS TRANSFORMERS SUNTEC

May 2015

Source »
undisclosed
Suntec engages in manufacturing of electrical transformers in Colombia.
TSS Transformers (Pty) Ltd.

Apr 2015

Source »
undisclosed
TSS Transformers is a supplier, manufacturer and repairer of transformers, switchgear and mini substations.

These are all the companies that WEG Equipamentos Eletricos S.A. has acquired. WEG Equipamentos Eletricos S.A. has acquired 6 companies and its latest acquisition was MVisia in Jun 2020. MVisia develops an AI-based ESOS vision system that offers production process automation solutions for the industrial sector.

WEG Equipamentos Eletricos S.A. Funding History

No recent funding data found related to WEG Equipamentos Eletricos S.A.

Investments

No recent investments found related to WEG Equipamentos Eletricos S.A.

These are all the companies that WEG Equipamentos Eletricos S.A. has invested in. WEG Equipamentos Eletricos S.A. has invested 6 companies and its latest investment was MVisia in Jun 2020. MVisia develops an AI-based ESOS vision system that offers production process automation solutions for the industrial sector.

WEG Equipamentos Eletricos S.A. News

November 27, 2020MarketScreener

supplies substations for solar power plant in Mexico

(marketscreener.com) WEG supplied complete conventional turn-key substations for a solar power plant ... See more »
November 25, 2020MarketScreener

Minutes of the Meeting of the Board of Directors - 973

(marketscreener.com) WEG S.A. GRUPO WEG A PUBLICLY LISTED COMPANY CNPJ sob nº 84.429.695/0001-11 Av. ... See more »
November 20, 2020MarketScreener

3Q20 Conference Call Transcript

(marketscreener.com) WEG S.A. 3rd Quarter 2020 Earnings Results Conference Call October 22, 2020 - 11... See more »
November 18, 2020MarketScreener

completes multi-million-euro investment

(marketscreener.com) WEG, a global leader in the drive technology sector with over 45 production site... See more »
November 7, 2020MarketScreener

supplies W60 motors for oil & gas applications in Ecuador

(marketscreener.com) Image: W60 motor ready to be shipped In order to renew the driving systems of wa... See more »
November 3, 2020Power Transformer News

WEG performs repairs and retrofit on transformers at Copel power plant | Power Transformer News

Brazillian engineering firm WEG has performed repairs, as well as a retrofitting service, on a number... See more »
October 30, 2020MarketScreener

launches W60 Vertical line

(marketscreener.com) W60 Vertical line motors present a robust design with excellent performance in v... See more »

WEG Equipamentos Eletricos S.A. Press Releases

August 14, 2016freePRnow

Global Turbogenerator Consumption Market Report 2016

Global Turbogenerator Consumption Market Report 2016... See more »
October 12, 2015PR NEWSWIRE

ET Solar Partners with WEG to Offer EPC Solutions in Brazil

SANTIAGO, Chile, Oct. 12, 2015 /PRNewswire/ -- ET Solar, a leading smart energy solutions provider, t... See more »
February 22, 2015PR-INSIDE

New research report available at Fast Market Research

(PR-inside.com) WEG S.A. - Strategy and SWOT Report, is a source of comprehensive company data and in... See more »
October 10, 2014BUSINESS WIRE

Key Vendors Are ABB, Brook Crompton, Regal Beloit, Siemens and WEG Industries

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/zv4k3x/euro... See more »

WEG Equipamentos Eletricos S.A. Videos

Social Media

Headquarters

Avenue Mayor Waldemar Grubba, 3300

Jaragua do Sul, Santa Catarina89256-900

55-47-3276-4000

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Summary

ABOUT

Overview

WEG provides electric engineering, power and automation technology services. WEG Equipamentos Eletricos S.A. was founded in 09/1961. WEG Equipamentos Eletricos S.A.'s headquarters is located in Jaragua do Sul, Santa Catarina, BR 89256-900. WEG Equipa...

CEO

WEG Equipamentos Eletricos S.A.'s CEO, Harry Schmelzer, currently has an approval rating of 97%. WEG Equipamentos Eletricos S.A.'s primary competitors are Siemens, ABB & Emerson Electric.

Website

weg.net

Frequently Asked Questions about WEG Equipamentos Eletricos S.A.

  1. When was WEG Equipamentos Eletricos S.A. founded?

    WEG Equipamentos Eletricos S.A. was founded in 09/1961
  2. Who is WEG Equipamentos Eletricos S.A.'s CEO?

    WEG Equipamentos Eletricos S.A.'s CEO is Harry Schmelzer
  3. How much revenue does WEG Equipamentos Eletricos S.A. generate?

    WEG Equipamentos Eletricos S.A. generates $3.1B in revenue
  4. How much funding does WEG Equipamentos Eletricos S.A. have?

    WEG Equipamentos Eletricos S.A. has historically raised $0 in funding
  1. Where is WEG Equipamentos Eletricos S.A.'s headquarters?

    WEG Equipamentos Eletricos S.A.'s headquarters is in Jaragua do Sul Santa Catarina, BR
  2. How many employees does WEG Equipamentos Eletricos S.A. have?

    WEG Equipamentos Eletricos S.A. has 31,830 employees
  3. What sector does WEG Equipamentos Eletricos S.A. operate in?

    WEG Equipamentos Eletricos S.A. is in Electrical Components & Equipment
  4. Who are WEG Equipamentos Eletricos S.A.'s competitors?

    WEG Equipamentos Eletricos S.A.'s top competitors are Siemens, ABB, Emerson Electric