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Brazil's WEG says to buy CG Power USA for $37 mln
2017年6月21日 / 中午12点22分 / 5 个月前

Brazil's WEG says to buy CG Power USA for $37 mln

BRASILIA, June 21 (Reuters) - WEG SA, Latin America’s largest producer of electric motors, signed a deal to buy CG Power USA Inc for $37 million, the company said in a securities filing on Wednesday.

CG Power USA is based in Washington, Missouri, and had net revenues of $128 million in the fiscal year of 2016/17, WEG said in the filing. The company said it expects the deal to be closed on July 31. (Reporting by Silvio Cascione)

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