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Last Updated: 2026
WEG ON image

WEG ON

Summary
History
References
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WEG S.A. engages in the production and sale of capital goods in Brazil and internationally. The company offers electric motors, generators, and transformers; gear units and geared motors; hydraulic and steam turbines; frequency converters; motor starters and maneuver devices; control and protection of electric circuits for industrial automation; power sockets and switches; and electric traction solutions for heavy vehicles, SUV vehicles, locomotives, and sea transportation capital goods. It also provides solutions for the generation of renewable and distributed energy through hydro, thermal biomass, wind, and solar energy power plants; solutions for various industry; UPSs and alternators for groups of generators; conventional and movable electric substations; industrial electro electronic equipment systems; industrial paint and varnish; and paints for automotive repainting. WEG S.A. was founded in 1961 and is headquartered in Jaragua do Sul, Brazil.

Historyarrow

The company Eletromotores Jaraguá was created on 16 September 1961 by Werner Ricardo Voigt, Eggon João da Silva and Geraldo Werninghaus . Years later changed its name to Eletromotores WEG SA, the name WEG being formed with the first letter of each founder's first name.

Initially producing electric motors, WEG started diversifying its activities during the eighties, with the production of electric components, products for industrial automation, power and distribution transformers, liquid and powder paints and electrical insulation varnishes. The company grew into a global motor manufacturer.

In 1968, WEG created CentroWEG, a training center to aid in the lack of qualified professionals in the area of mechanical engineers.

In May 2008, WEG announced a new factory in India.In February 2012, the Canadian manufacturer Ballard Power Systems signed a deal with WEG to assess the market opportunities for hydrogen PEM fuel cell products and services in applications.In February 2019, WEG acquired Energy Storage System, the storage business of US-based Northern Power Systems . WEG had previously bought the utility-scale turbine business of NPS in 2016. In May 2019, WEG signed a deal with the aerospace conglomerate Embraer to work on new electrical propulsion systems for aircraft.In May 2019, WEG also introduced the 4MW wind turbine, its biggest machine so far.

Referencesarrow

https://en.wikipedia.org/wiki/WEG_Industries

https://www.crunchbase.com/organization/weg

https://sec.report/CIK/0001445166

https://finance.yahoo.com/quote/WEGE3.SA/

https://www.comparably.com/companies/weg/mission

https://companiesmarketcap.com/largest-companies-by-revenue/

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Leadership team
M
Mr. Andre Luis Rodrigues (CFO & Member of Exec. Board)
M
Mr. Carlos Diether Prinz (Chief Operating Officer of WEG T&D and Member of Exec. Board)
Products / Services
Consumer Electronics, Electrical Distribution, Electronics, Energy, Manufacturing, Solar
Number of Employees
20,000 - 50,000
Established
1991-01-01
Company Registration
SEC CIK number: 0001445166
Net Income
S_500M_1B
Revenue
$1B+
Traded as
BVMF:WEGE3
Website
https://www.weg.net/institutional/BR/en/
Last Updated: 2026
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