WEG has signed a contract to acquire REIVAX S.A. and its subsidiaries, a Brazilian company specializing in power generation control solutions. Founded in 1987, REIVAX operates in hydroelectric, photovoltaic, wind, thermoelectric, substation, and industrial sectors, with a strong presence in Latin America, North America, and other global markets.

Headquartered in Florianópolis, Brazil, with subsidiaries in Switzerland and Canada, REIVAX employs approximately 220 people. In 2023, it achieved net operating revenues of R$ 131 million, with an EBITDA margin of 22.6%. Over half of its revenues came from international sales.

Carlos José Bastos Grillo, WEG's Digital & Systems Managing Director, highlighted the strategic importance of the acquisition: "This acquisition expands our solutions portfolio, integrates new technologies, and enhances operational efficiency. It aligns with global trends toward energy reliability, grid resilience, and renewable energy."

REIVAX offers solutions across three levels of power generation: manufacturing digital controllers for turbines and generators, integrating control systems for new and existing plants, and providing regulatory expertise. Its technology supports grid stability and resilience, addressing the evolving needs of renewable energy systems like battery energy storage and synchronous compensators.

The transaction is subject to regulatory approvals and other conditions.

Source: weg.net