# 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.

- Type: Acquisition
- Announced: 2017-06-21
- Where: Washington, Missouri, USA, United States
- Value: $37.0M
- Jobs: 452
- Status: announced
- Products: power and distribution transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [WEG](https://endata.com/companies/1550.md) (acquirer)
- [CG Power and Industrial Solutions](https://endata.com/companies/16858.md) (target)
- [CG Power USA](https://endata.com/companies/25042.md) (target)

## Sources

- [weg.net](https://www.weg.net/institutional/MC/en/news/corporate/weg-announces-acquisition-of-cg-power-usa-inc), 2017-06-21: "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."
- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/cg-power-sells-us-business-to-brazil-firm-for-37-million/article9732248.ece), 2017-06-21: "CG, formerly known as Crompton Greaves (CG), has accepted a binding offer of WEG, a large manufacturer of energy equipment and electric components, to acquire its US-based step-down subsidiary CG Power USA, which is primarily a transformer manufacturer."

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