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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Gefran sells drives division to WEG for €23M · Endata

◂ Announcements

Aug 1, 2022ACQUISITIONProvaglio d'Iseo, Brescia, Italy

Gefran sells drives division to WEG for €23M

Gefran S.p.A. has signed an agreement to sell its drives business division (Business Azionamenti) to Brazilian group WEG S.A. for €23 million. The transaction includes subsidiaries in Italy, Germany, China and India.

Value

$23.5M (23.0M EUR)

Status

Announced

Productsdrivesmotion control systems

CompaniesWEG acquirer Gefran S.p.A. target

Sectors#Automation and Robotics #Industrial Machinery

“Questa acquisizione porrà WEG in una posizione favorevole in un mercato strategico”gefran.it

3 sources
gefran.itGefran SPA sottoscrive un accordo per la vendita della divisione Business Azionamenti al gruppo brasiliano WEG - Gefran s.p.a.Aug 1, 2022
marketscreener.comWEG S A : announces the acquisition of Gefran's Motion Control Business UnitPublicnowAug 2, 2022
plantengineering.comAcquisitions reveal motor supplier strategies - Plant EngineeringBlake GriffinAug 31, 2022

Summarized from public sources; check the original articles before acting on it.

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