WEG acquires CG Power USA Inc. transformer business

WEG S.A. announced the acquisition of CG Power USA Inc., a transformer manufacturer in Washington, Missouri, with three plants and 452 employees, for an undisclosed amount.

“This acquisition, combined with our production platforms in Brazil, Colombia, Mexico and South Africa, will allow us to rapidly advance in the transmission and distribution business internationalization.”weg.net

• 2 sources
• weg.netWEG announces acquisition of CG Power USA Inc. | WEGJun 21, 2017
• thehindubusinessline.comCG Power sells US business to Brazil firm for $37 million - The HinduBusinessLineJun 21, 2017

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