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WEG acquires Turkish motor maker Volt Electric Motors for $88M · Endata

◂ Announcements

Electrical Equipmentworld trade 2024+7.2% 5Y CAGR

Sep 18, 2024ACQUISITIONTürkiye

WEG acquires Turkish motor maker Volt Electric Motors for $88M

WEG agreed to acquire Volt Electric Motors, a Turkish maker of industrial and commercial electric motors and a subsidiary of Saya Group, for an enterprise value of US$88 million.

Value

$88.0M

Status

Announced

Productsindustrial electric motorscommercial electric motors

CompaniesWEG acquirer Volt Electric Motors target Saya Group partner

Sectors#Electrical Equipment

“The acquisition value is US$ 88 million (Enterprise Value – EV), to be paid after the transaction is completed”pumpindustry.com

1 source
pumpindustry.comAcquisitions + Mergers+ Corporate News – Page 3 – Pump IndustrySep 18, 2024

Summarized from public sources; check the original articles before acting on it.

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WEG to build EUR 23.5M electric motor plant in Santo Tirso, Portugal
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Jul 15, 2022CONTRACTGulf of Mexico, United States
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Feb 1, 2018NEW FACILITYSanto Tirso, Portugal$36.9M
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