TGM

Brazil's antitrust authority Cade approved WEG's acquisition of TGM, subject to behavioral commitments to prevent anti-competitive practices in the turbogenerator market. WEG is a leader in electric generators; TGM is a leader in steam turbines and turbo reducers.

WEG announced the acquisition of TGM (Indústria e Comércio de Turbinas e Transmissões Ltda.), a Brazilian manufacturer of steam turbines and transmissions, on December 15, 2016. TGM employs around 1,000 people and had revenues of R$ 238 million in 2015.