WEG Acquires the European Company Watt Drive
17/11/2011 WEG (UK) Ltd
Watt Drive acquisition enhances product portfolio and reinforces WEG's presence in power transmit ionWEG announced on 8th November 2011 the acquisition of Watt Drive Antriebstechnik GmbH ("Watt Drive"), an Austrian corporation that designs and manufactures gearboxes, gear motors, drives and control systems.
Founded in 1972, Watt Drive is based near Vienna, Austria. Regarded as a traditional European player in power transmission, the company counts on industrial plants in Austria and assembly units in Germany and Singapore, in addition to having an extensive distribution network. Watt Drive's revenues for 2011 are expected to reach -‚¬ 30 million.
"The market has been demanding power transmission solutions that integrate electric motors, frequency inverters and gearboxes, since these solutions allow major improvement on operational performance and energy savings. Our strategy is to offer a complete portfolio of products and solutions. On doing so, we become more flexible to supply our customers' needs and expand the company business" says Mr. Siegfried Kreutzfeld, WEG Motores Managing Director.
For further information, please contact Marek Lukaszczyk:
WEG Electric Motors (UK) Ltd, 28/29 Walkers Road, Manorside Industrial Estate, North Moons Moat, Redditch, Worcs. B98 9ND Tel: +44(0)1527 596748 Fax: +44(0)1527 68726 Email: wegsales@wegelectricmotors.co.uk Web: www.weg.net
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