# 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.

- Type: Acquisition
- Announced: 2022-08-01
- Where: Provaglio d'Iseo, Brescia, Italy
- Value: $23.5M (23.0M EUR)
- Status: announced
- Products: drives, motion control systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [WEG](https://endata.com/companies/1550.md) (acquirer)
- [Gefran S.p.A.](https://endata.com/companies/64476.md) (target)

## Sources

- [gefran.it](https://www.gefran.it/gefran-spa-sottoscrive-un-accordo-per-la-vendita-della-divisione-business-azionamenti-al-gruppo-brasiliano-weg/), 2022-08-01: "Questa acquisizione porrà WEG in una posizione favorevole in un mercato strategico"
- [marketscreener.com](https://www.marketscreener.com/quote/stock/WEG-S-A-6494223/news/WEG-S-A-announces-the-acquisition-of-Gefran-s-Motion-Control-Business-Unit-41170109/), 2022-08-02: "Our objective is to offer an increasingly broad portfolio of products and solutions, increase our presence in a market as important as the European market."
- [plantengineering.com](https://www.plantengineering.com/acquisitions-reveal-motor-supplier-strategies/), 2022-08-31: "WEG acquired Gefran’s motion control business on August 6th."

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