Streetbeat News

WEGZY

Weg S.A.

Industry

Motor and Generator Manufacturing

Open

9.03

Mkt cap

40B

Volume

1.6K

High

9.43

P/E Ratio

37.72

52-wk high

10.36

Low

9.03

Div yield

0.02

52-wk low

6.31

WEG has utilized Ansys simulation technology to design the W80 AXgen, a revolutionary electric industrial motor that surpasses current efficiency standards. This development highlights Ansys' role in advancing industrial motor technology.

Portfolio Pulse from

November 13, 2024 | 2:15 pm

Regal Rexnord Corp (RRX) plans to sell its Industrial Motors and Generators businesses to WEG SA (WEGZY) for $400 million. The transaction, which includes most of RRX's Industrial Systems segment, is expected to close in H1 2024. RRX's CEO believes the sale aligns with the company's strategy of focusing on areas where it can achieve higher growth rates and margins. As of June 30, 2023, RRX had cash and cash equivalents of $659.6 million.

Portfolio Pulse from Lekha Gupta

September 25, 2023 | 10:43 am

Regal Rexnord Corporation (NYSE:RRX) has agreed to sell its Industrial Motors and Generators businesses, which make up the majority of its Industrial Systems segment, to WEG S.A. (OTC:WEGZY) for $400 million. The deal is expected to close in the first half of 2024, pending regulatory approvals and customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 10:18 am

Regal Rexnord has agreed to sell the majority of its Industrial Systems Segment, which includes its industrial motors and generators businesses, to WEG for $400 million.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 10:16 am

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