About WEG
WEG is a company based in Duluth (United States) founded in 1961. It operates as a Professional Services, and Direct-to-Consumer (D2C). WEG has raised $50 thousand across 1 funding round. The company has 47,530 employees as of December 31, 2024. WEG has completed 10 acquisitions, including Balteau Produtos Elétricos LTDA, BirminD and Bluffton Motor Works. WEG offers products and services including WEG Motion Drives, Digital Solutions, Power Generation, and Electric Mobility.
- Headquarter Duluth, United States
- Employees 47530 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Weg Sa
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Annual Revenue
$6.14 B (USD)16.87as on Dec 31, 2024
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Net Profit
$976.6 M (USD)5.42as on Dec 31, 2024
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EBITDA
$1.37 B (USD)19.08as on Dec 31, 2024
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Total Equity Funding
$50 K (USD)
in 1 rounds
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Latest Funding Round
$50 K (USD), Unspecified
Oct 04, 2023
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Investors
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Employee Count
47530
as on Dec 31, 2024
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Investments & Acquisitions
Balteau Produtos Elétricos LTDA
& 9 more
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IPO & Listings of WEG
WEG is a publicly listed company on the BMFBOVESPA with ticker symbol WEGE3 in Brazil, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of WEG
WEG offers a comprehensive portfolio of products and services, including WEG Motion Drives, Digital Solutions, Power Generation, and Electric Mobility. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Integrated solutions for manufacturing facilities are provided by WEG.
Remote monitoring solutions for industries are offered by WEG.
Sustainable energy solutions using renewables are developed by WEG.
Charging stations and powertrain systems are created by WEG.
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Funding Insights of WEG
WEG has successfully raised a total of $50K through 1 strategic funding round. The most recent funding activity was a Unspecified round of $50 thousand completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Unspecified — $50,000
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First Round
First Round
(04 Oct 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Unspecified - WEG | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by WEG
WEG has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Balteau Produtos Elétricos LTDA, BirminD and Bluffton Motor Works. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Offers app for electric car recharging and software for network management services.
|
2019 | ||||
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Industrial analytics solutions are provided for process optimization.
|
2015 | ||||
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Manufacturer of electric motors
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - WEG
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Weg Comparisons
Competitors of WEG
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Weg
Frequently Asked Questions about WEG
When was WEG founded?
WEG was founded in 1961 and raised its 1st funding round 62 years after it was founded.
Where is WEG located?
WEG is headquartered in Duluth, United States.
Who is the current CEO of WEG?
Harry Schmelzer is the current CEO of WEG.
Is WEG a funded company?
WEG is a funded company, having raised a total of $50K across 1 funding round to date. The company's 1st funding round was a Unspecified of $50K, raised on Oct 04, 2023.
How many employees does WEG have?
As of Dec 31, 2024, the latest employee count at WEG is 47,530.
What is the annual revenue of WEG?
Annual revenue of WEG is $6.14B as on Dec 31, 2024.
What does WEG do?
WEG is engaged in delivering innovative industrial automation and energy solutions globally. Operations span multiple sectors including mining, oil gas, water, and agribusiness. Customized solutions are developed for efficiency and sustainability in industries like steel, pulp and paper, and food beverage. Digital solutions for Industry 4.0 are provided to enhance connectivity and productivity. Electric mobility solutions, such as charging stations, are also offered to support sustainable transportation.
What products or services does WEG offer?
WEG offers WEG Motion Drives, Digital Solutions, Power Generation, and Electric Mobility.
Is WEG publicly traded?
Yes, WEG is publicly traded on BMFBOVESPA under the ticker symbol WEGE3.
How many acquisitions has WEG made?
WEG has made 10 acquisitions, including Balteau Produtos Elétricos LTDA, BirminD, and Bluffton Motor Works.
What is WEG's ticker symbol?
The ticker symbol of WEG is WEGE3 on BMFBOVESPA.
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