# 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.

- Type: Acquisition
- Announced: 2016-12-15
- Where: Sertãozinho, Brazil
- Jobs: 1,000
- Status: announced
- Products: steam turbines, transmissions
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [WEG](https://endata.com/companies/1550.md) (acquirer)
- [TGM](https://endata.com/companies/20776.md) (target)

## Sources

- [electricmachinery.com](https://www.electricmachinery.com/institutional/US/en/news/corporate/weg-announces-the-acquisition-of-tgm-a-brazilian-manufacturer-of-steam-turbines-and-transmissions), 2016-12-16: "We now have the possibility of providing complete and more competitive solutions, both in Brazil and internationally."

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