WEG has acquired Gefran's Motion Control Business Unit
WEG has acquired the Motion Control business unit of Gefran S.p.A (Gefran), an Italian company that manufactures sensors, components and industrial automation equipment.
Founded in 1960 and listed on the Italian stock exchange (Borsa Italiana: GE), Gefran is traditional company in the automation and technological innovation industry and is divided into three business units: Motion Control, Automation Components and Sensors.
With this contract of acquisition WEG will become the sole proprietary of the Motion Control Business Unit, responsible for the development and production of a complete line of variable frequency drives, direct current converters and special servo drives. Counting on approximately 180 employees and factories in Italy, Germany, China and India, the Motion Control Business Unit has customers and operations in more than 70 countries. The company had net revenues of about €44.8 million in 2021.
Rothschild & Co advised on the acquisition of this transaction. For further detail please contact Graham Carberry.
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