WEG S.A. announced the acquisition of a controlling stake on TGM Indústria e Comércio de Turbinas e Transmissões Ltda. (“TGM”), a Brazilian manufacturer of turbines and transmissions with headquarters in Sertãozinho, State of São Paulo, Brazil. Founded in 1991, TGM is a leading Brazilian provider of solutions and equipment for power generators drivers, focusing on thermal and wind renewable energy, from the initial viability studies to the complete plant operation, including systems studies and industrial energy planning. It also provides equipment for mechanical drives, like hoods, fans, shredders, water pumps, mills, sugar cane levelers, turbo chargers, turbo blowers and a specific line for industrial processes.
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