Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Brazil’s Weg Says It Acquired Austria’s Watt Drive

(Corrects amount of Watt Drive’s estimated revenue in second paragraph of story published Nov. 8.)

Nov. 8 (Bloomberg) -- Brazil’s industrial-machinery maker Weg SA said it signed an agreement to acquire Watt Drive Antriebstechnick GmbH, an Austrian company specialized in power transmission.

Watt Drive’s 2011 net revenue is estimated at about 30 million euros, Weg said in a regulatory filing, without giving further financial details for the transaction.

Link to Company News: {WEGE3 BZ <Equity> CN <GO>} Link to Company News:{5551949Z AV <Equity> CN <GO>}

To contact the reporter on this story: Fabiola Moura in New York at fdemoura@bloomberg.net

To contact the editor responsible for this story: Adriana Brasileiro at abrasileiro@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.