Equities

WEGE3

BRWEGEACNOR0

Electrical Components & Equipment

Market Closed - Sao Paulo Other stock markets 16:07:34 2024-06-26 EDT			5-day change	1st Jan Change
41.95 ^BRL	+0.91%		+5.38%	+13.65%

06-18	WEG S.A. agreed to acquire Marathon Electric Motors Ltd. from Regal Rexnord Corporation.	CI
05-15	INDICES - India & Brazil weaken

WEG S.A. agreed to acquire Marathon Electric Motors Ltd. from Regal Rexnord Corporation.

June 17, 2024

WEG S.A. (BOVESPA:WEGE3) agreed to acquire Marathon Electric Motors (India) Ltd. from Regal Rexnord Corporation (NYSE:RRX) on June 18, 2024. Gaurav Dayal, Sushrut Biswal, Paritosh Chauhan and S. Vasudevan of Lakshmikumaran and Sridharan acted as Legal advisor to Regal Rexnord Corporation.

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
REGAL REXNORD CORPORATION	136.8 USD	-0.60%	-4.00%	9.1B
WEG S.A.	41.95 BRL	+0.91%	+5.38%	31.97B
EURO / BRAZILIAN REAL	5.902 BRL	+0.07%	+1.33%	-

Latest news about WEG S.A.

WEG S.A. agreed to acquire Marathon Electric Motors Ltd. from Regal Rexnord Corporation.	06-17	CI
INDICES - India & Brazil weaken	05-15
Transcript : WEG S.A., Q1 2024 Earnings Call, May 03, 2024	05-03
WEG S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024	05-02	CI
WEG S.A. acquired Industrial Motors and Generators businesses from Regal Rexnord Corporation.	04-29	CI
Transcript : WEG S.A., Q4 2023 Earnings Call, Feb 22, 2024	02-22
WEG S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	02-21	CI
WEG S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	02-21	CI
Brazilian motor maker WEG net income up 46% in Q4	02-21	RE
WEG Seeks Mergers and Acquisition	12-08	CI
Transcript : WEG S.A. - Analyst/Investor Day	12-08
Brazil's WEG says CEO to leave firm in March	12-08	RE
Brazil's WEG to invest $243 million to expand transformer production	12-05	RE
Brazil's WEG sees no capex reduction in 2024, exec says	23-10-26	RE
Transcript : WEG S.A., Q3 2023 Earnings Call, Oct 26, 2023	23-10-26
WEG S.A. Signed an Agreement to acquire 45% stake in Bewind Gmbh.	23-10-25	CI
WEG Shares Fall 7.5% After Sales, Profit Fell in 3Q From 2Q	23-10-25	DJ
WEG S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-25	CI
Transcript : WEG S.A. - M&A Call	23-09-25
Regal Rexnord Sells Industrial Motors, Generators Businesses For $400 Million	23-09-25	DJ
Regal Rexnord Corp Announces Definitive Agreement To Sell Its Industrial Motors & Generators Businesses To WEG	23-09-25	RE
WEG S.A. entered into a definitive agreement to acquire Industrial Motors and Generators businesses from Regal Rexnord Corporation for $400 million.	23-09-24	CI
Petrobras Signs Partnership with WEG for Onshore Wind Power	23-09-13	CI
Brazil's WEG partners with Petrobras to develop onshore wind turbine	23-09-13	RE
WEG S.A. acquired remaining 49% stake in BIRMIND Automação e Serviços S.A. for BRL 3.48 million.	23-07-26	CI

Chart WEG S.A.

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Company Profile

WEG S.A. specializes in the manufacturing and marketing of electrical and electronic equipment. Net sales (including intragroup) break down by activity as follows: - manufacturing of industrial automation equipment (32.4%): low and medium voltage electric motors, monitoring and protection systems, electrical panels, etc. ; - production of electricity (10.5%): for thermal and hydropower plants. The remaining of net sales (57.1%) are for activities insured abroad. At the end of 2020, the group operated 47 production sites worldwide.

Sector

Electrical Components & Equipment

Calendar

2024-07-30 - Q2 2024 Earnings Release

Related indices

BRAZIL IBOVESPA

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Ratings for WEG S.A.

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Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

41.95 BRL

Average target price

42.86 BRL

Spread / Average Target

+2.16%

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