M&A Deal Summary

Weg Acquires Zest WEG Group

On January 1, 2010, Weg acquired electrical equipment company Zest WEG Group from Medu Capital

Acquisition Highlights
  • This is Weg’s 1st transaction in the Electrical Equipment sector.
  • This is Weg’s 1st transaction in South Africa.

M&A Deal Summary

Date 2010-01-01
Target Zest WEG Group
Sector Electrical Equipment
Buyer(s) Weg
Sellers(s) Medu Capital
Deal Type Add-on Acquisition

Target

Zest WEG Group

Gauteng, South Africa
Zest WEG Group is a supplier of electric motors, drivers, switchgear, transformers and power generation products and services. Zest WEG Group was formed in 1980 and is based in South Africa.

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Buyer(S) 1

Buyer

Weg

Jaragua do Sul, Brazil

Category Company
Founded 1961
Sector Manufacturing
Employees47,529
Revenue 38.0B BRL (2024)
DESCRIPTION

Weg is engaged in the production and trade of capital goods in Brazil and internationally. The company manufactures and markets goods, such as electric motors, generators and transformers, reducers, geared reducers, frequency inverters, starter motors and maneuver devices, control and protection of electric circuits and industrial automation, electric traction solutions, solutions for the generation of renewable and distributed energy. Weg was founded in 1961 and is based in Jaragua do Sul, Brazil.


DEAL STATS #
Overall 1 of 3
Sector: Electrical Equipment M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
Country: South Africa M&A 1 of 1
Year: 2010 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-26 Bluffton Motor Works

Bluffton, Indiana, United States

Bluffton Motor Works LLC specializes in manufacturing fractional electric motors up to 5 HP, offering a wide range of customized products to customers in the United States. Market segments served include food & beverage processing, industrial and commercial equipment manufacturers, pumps, and ventilation, among others. Bluffton Motor Works was founded in 2006 and is based in Bluffton, Indiana.

Buy -

Seller(S) 1

SELLER

Medu Capital

Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 2.0B ZAR
Size Small
Type Sector Agnostic
DESCRIPTION

Medu Capital is a private equity firm focused on investing in profitable middle-market South African companies. Medu does not have any sector preferences and seeks to invest 50 to 200 million ZAR per transaction. Medu will consider both minority or majority positions. Medu Capital is based in Johannesburg.


DEAL STATS #
Overall 1 of 2
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: South Africa M&A 1 of 2
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-01 Medipost Pharmacy

Gauteng, South Africa

Medipost Pharmacy is a provider of chronic medication to members of various medical aid schemes. Medipost Pharmacy was established in 1991 and is based in Gauteng, South Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 Universal Coatings

Randburg, South Africa

Universal Coatings (Pty) Ltd. manufactures and supplies decorative paint and coatings. 16 dedicated factory outlets in Gauteng are the sole suppliers of Universal’s products, thereby eliminating the costly middleman and high retail overheads. Universal Coatings was founded in 1982 and is based in Randburg, South Africa.

Buy -