WEG S.A. is a Brazilian company classified under the “other” sector, operating within the industrial goods segment and the electrical equipment industry. It is one of the world’s largest manufacturers of electrical equipment and solutions for industrial automation, energy and electric mobility.
Founded in 1961 in Brazil by Werner Ricardo Voigt, Eggon João da Silva and Geraldo Werninghaus, the company began its operations focused on the production of electric motors.
Today, its portfolio includes electric motors, generators, transformers, industrial automation systems, renewable energy equipment and electric mobility solutions.
The company develops energy-efficient technologies such as frequency inverters and energy-storage systems, supporting the needs of industrial and infrastructure sectors.
With direct operations in more than 36 countries and commercial presence in over 135 markets, WEG maintains manufacturing units across Latin America, North America, Europe, Africa and Asia. This global structure ensures proximity to customers and operational agility across regions.
Market factors that influence its operations include the growing demand for energy efficiency and industrial decarbonization, the expansion of renewable energy projects—particularly wind and solar—and the increasing adoption of electric mobility solutions.
The company competes with major global manufacturers such as Siemens, ABB and GE, as well as regional players in specific markets.
Its headquarters is located in Jaraguá do Sul, Santa Catarina, Brazil, and its operational structure includes factories, distribution centers and commercial offices worldwide. WEG’s integrated production model and strong focus on technological innovation sustain its competitiveness at a global level.
The company’s shares are traded on Nasdaq under the ticker WEGZY.
History and When WEG S.A. Was Founded
WEG S.A. was founded in 1961 in Jaraguá do Sul, Santa Catarina, by Werner Ricardo Voigt, Eggon João da Silva and Geraldo Werninghaus, initially focused on manufacturing electric motors to meet the growing demand of the national industrial sector.
In its early years, the company strengthened its position in the Brazilian market while investing in technological improvements and expanding its manufacturing capacity.
The 1980s marked the beginning of its internationalization, with the opening of subsidiaries and manufacturing units in strategic markets across Latin America.
The company conducted its Initial Public Offering (IPO) in 1971 on the São Paulo Stock Exchange—now B3. Continuous growth and diversification of its portfolio later enabled the listing of its ADRs on Nasdaq in 2010, expanding its access to the North American market and broadening its international investor base.
Between 2000 and 2019, WEG diversified its operations by incorporating new technologies and solutions in industrial automation, renewable energy and energy efficiency. This period was marked by strategic acquisitions and partnerships aimed at accelerating innovation.
Between 2020 and 2024, the company focused its investments on expanding manufacturing capacity and developing new technologies in automation, electric mobility and renewable energy.
The expansion of its portfolio and strengthening of its global presence solidified WEG as one of the leading global players in energy-efficient and sustainable industrial solutions.
Additional Information
The Company WEG SA ADR (United States), is listed on Nasdaq with a market cap of $ 35.89 Billions, having an equity of $ 4.37 Billions.
The Company is listedthe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 7.28 Billions, which generated a profit in the amount of $ 1.14 Billion.
As for its main indicators, the Company has a P/E ratio of 31.45, a P/BV ratio of 8.22 and in the last 12 months the dividend yield of WEGZY was at 0.31%.
The Company is traded internationally through the ticker WEGZY.