WEG acquires TGM, Brazilian steam turbine manufacturer

WEG announced the acquisition of TGM (Indústria e Comércio de Turbinas e Transmissões Ltda.), a Brazilian manufacturer of steam turbines and transmissions, on December 15, 2016. TGM employs around 1,000 people and had revenues of R$ 238 million in 2015.

“We now have the possibility of providing complete and more competitive solutions, both in Brazil and internationally.”electricmachinery.com

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• electricmachinery.comWEG Announces the Acquisition of TGM, a Brazilian Manufacturer of Steam Turbines and Transmissions | WEGDec 16, 2016

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