# 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.

- Type: Acquisition
- Announced: 2024-09-18
- Where: Türkiye
- Value: $88.0M
- Status: announced
- Products: industrial electric motors, commercial electric motors
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [WEG](https://endata.com/companies/1550.md) (acquirer)
- [Volt Electric Motors](https://endata.com/companies/12289.md) (target)
- [Saya Group](https://endata.com/companies/12290.md) (partner)

## Sources

- [pumpindustry.com](https://pumpindustry.com/category/acquisitions-mergers-corporate-news/page/3/), 2024-09-18: "The acquisition value is US$ 88 million (Enterprise Value – EV), to be paid after the transaction is completed"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.