# WEG acquires total shares of BirminD

WEG acquired all shares of BirminD, a company specializing in digital solutions for industrial optimization. The acquisition is part of WEG's strategy to grow its digital business.

- Type: Acquisition
- Announced: 2023-07-27
- Where: Brazil
- Status: completed
- Products: industrial optimization digital solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [WEG](https://endata.com/companies/1550.md) (acquirer)
- [BirminD](https://endata.com/companies/71664.md) (target)

## Sources

- [weg.net](https://www.weg.net/institutional/US/en/all-news/list?news=results&page=3), 2023-07-27: "Acquisition is part of the Company's strategy to grow the digital business for industrial optimization solutions."
- [suno.com.br](https://www.suno.com.br/noticias/weg-adquire-empresa-ia-veja-qual-gpj/), 2023-07-27: "Este movimento está alinhado com a estratégia de desenvolvimento de novos produtos e serviços para otimizar a gestão de ativos, gestão de energia e gestão de execução das operações de clientes da empresa."

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