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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- 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
Not available
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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.
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.
People of 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.
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.
Investment portfolio details for WEG
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Offers app for electric car recharging and software for network management services.
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Locked | Locked | 2019 | Locked | |
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Industrial analytics solutions are provided for process optimization.
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Locked | Locked | 2015 | Locked | |
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Manufacturer of electric motors
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Locked | Locked | 2006 | Locked |
Complete acquisition details for WEG
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Financial Statements - WEG
Detailed financials for WEG
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Weg Comparisons
Peer comparison for WEG
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Competitors of WEG
Detailed competitors of WEG
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Latest news on Weg
Complete news archive for WEG
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Frequently Asked Questions about WEG
WEG was founded in 1961 and raised its 1st funding round 62 years after it was founded.
WEG is headquartered in Duluth, United States.
Harry Schmelzer is the current CEO of WEG.
WEG is a funded company, having raised a total of $50K across 1 funding round to date.
As of Dec 31, 2024, the latest employee count at WEG is 47,530.
Annual revenue of WEG is $6.14B as on Dec 31, 2024.
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.
WEG offers WEG Motion Drives, Digital Solutions, Power Generation, and Electric Mobility.
Yes, WEG is publicly traded on BMFBOVESPA under the ticker symbol WEGE3.
WEG has made 10 acquisitions, including Balteau Produtos Elétricos LTDA, BirminD, and Bluffton Motor Works.
The ticker symbol of WEG is WEGE3 on BMFBOVESPA.