About WEGU
WEGU is a Transportation, Automotive & Logistics company based in Kassel (Germany) founded in 1949, and was acquired by Zhongding Group in February 2015. Automotive components are manufactured and supplied by WEGU from Germany. The company has 24 employees. Its focus areas include Auto, Auto Components and Multi Category. Its legal entity is WEGU Holding GmbH. Its competitors include ZF, Schaeffler and MAHLE.
Company details
WEGU was established in 1949 in Kassel, Germany, where automotive components are produced and distributed. The company operates within the automotive sector, focusing on manufacturing and supplying parts for vehicles. Activities are centered in Kassel, supporting regional and international markets. Leadership is handled by Managing Director Horst Zimmermann, with the domain wegu-holding.de maintained for operations.
- Headquarters Kassel, Germany
- Employees 24
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website www2.wegu-holding.de
- Social X
- Acquired by Zhongding Group (Feb 2015)
- Legal Name Wegu Holding Gmbh
- Latest Funding Round$539.93K (USD), Grant
Dec 2021
- InvestorsBAFA
& 1 more
- Employee Count24
- Acquired byZhongding Group
(Feb 2015)
Funding Insights of WEGU
- Total Rounds 1
- Last Round Grant — $539,926
- First Round $539,926
(Dec 2021)
- Investors Count 1
All 1 funding rounds of WEGU with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $539,926 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in WEGU
WEGU has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include BAFA and Zhongding Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Business and energy news is delivered via an online platform. | 1954 | bafa.de | Eschborn, Germany | |
Manufactures and supplies key components for the automotive industry. | 1980 | zhongdinggroup.com | Xuancheng, China |
Investor details for WEGU
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of WEGU
1 people are tracked at WEGU (1 in leadership); the tracked headcount is 24.
| Name | Role | Group |
|---|---|---|
Horst Zimmermann | Managing Director | Leadership |
Complete people profiles for WEGU
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of WEGU
3 dated milestones of WEGU across 72 years, from founding to its latest funding, stage changes and deals.
- Founded WEGU is founded.
- Exit Acquired by Zhongding Group.
- Funding First funding round of $540K.
Competitors of WEGU
WEGU has 3 listed competitors in our database. They include ZF, Schaeffler and MAHLE.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zf.com | 1915 | Friedrichshafen, Germany | 168,700 | Mobility systems are developed for cars, vehicles, and industrial uses. | ||
| schaeffler.com | 1946 | Herzogenaurach, Germany | 90,151 | Manufacturer of bearings for the automotive industry | ||
| mahle.com | 1920 | Stuttgart, Germany | 109 | Automotive cooling systems, pistons, and aftermarket components are manufactured. |
Detailed competitors of WEGU
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Automotive Manufacturing & Components
2 companies that operate in the same segment as WEGU (Automotive Manufacturing & Components) in Germany, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of forklifts, warehouse equipment and other industrial trucks | 2006 | Germany | USD 587.14 M | USD 13.28 B | 42,720 | |
Automotive manufacturing company | 1916 | Munchen, Bayern, Germany | USD 156.8 B |
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Frequently Asked Questions about WEGU
WEGU was founded in 1949 and raised its 1st funding round 72 years after it was founded.
WEGU is headquartered in Kassel, Germany. It is registered at Kassel, Hesse, Germany.
WEGU has 24 employees.
WEGU was established in 1949 in Kassel, Germany, where automotive components are produced and distributed. The company operates within the automotive sector, focusing on manufacturing and supplying parts for vehicles. Activities are centered in Kassel, supporting regional and international markets. Leadership is handled by Managing Director Horst Zimmermann, with the domain wegu-holding.de maintained for operations.
WEGU's top competitors include Schaeffler, MAHLE and ZF.
WEGU has 2 investors. Key investors include BAFA, and Zhongding Group.
WEGU operates through Wegu Holding Gmbh.
Yes. WEGU was acquired by Zhongding Group in February 2015.