WEG S.A.’s acquisition of a controlling stake on TGM Indústria e Comércio de Turbinas e Transmissões Ltda.


Martinelli Advogados and De Luca, Derenusson, Schuttoff e Azevedo have advised on the deal

WEG S.A. (Bovespa: WEGE3 / OTC: WEGZY) announced the acquisition of a controlling stake on TGM Indústria e Comércio de Turbinas e Transmissões Ltda. (“TGM”), a Brazilian manufacturer of turbines and transmissions with headquarters in Sertãozinho, State of São Paulo, Brazil.

Founded in 1991, TGM is a leading Brazilian provider of solutions and equipment for power generators drivers, focusing on thermal and wind renewable energy, from the initial viability studies to the complete plant operation, including systems studies and industrial energy planning. It also provides equipment for mechanical drives, like hoods, fans, shredders, water pumps, mills, sugar cane levelers, turbo chargers, turbo blowers and a specific line for industrial processes.

In addition to the Sertãozinho headquarters, which occupies an area of ??70,000 square meters, the TGM also has units in Maceio (AL), São José dos Campos (SP) and Nuremberg, Germany, employing around 1,000 people. Net revenue in 2015 were of approximately R$ 238 million.

Martinelli Advogados has advised WEG SA with Juliana Martinelli (Picture) and Fernando Nees.

De Luca, Derenusson, Schuttoff e Azevedo Advogados has advised TGM with Guilherme Filardi, João De Luca Junior, Vicente Bagnoli, Paula Mariozzi, Renan Oliveira and Rodrigo Kencis.

Involved fees earner: Rodrigo de Carvalho Kencis – De Luca, Derenusson, Schuttoff e Azevedo; Renan de Oliveira – De Luca, Derenusson, Schuttoff e Azevedo; Paula Mariozzi – De Luca, Derenusson, Schuttoff e Azevedo; João Claudio De Luca Junior – De Luca, Derenusson, Schuttoff e Azevedo; Guilherme Filardi – De Luca, Derenusson, Schuttoff e Azevedo; Vicente Bagnoli – De Luca, Derenusson, Schuttoff e Azevedo; Juliana Cristina Martinelli – Martinelli Advogados; Fernando Nees – Martinelli Advogados;

Law Firms: De Luca, Derenusson, Schuttoff e Azevedo; Martinelli Advogados;

Clients: WEG S.A.; TGM Industria y Comercio de Turbinas y Transmisiones Ltda.;

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Author: Ambrogio Visconti.