By Brazil Stock Guide – WEG S.A. (B3: WEGE3) signed a binding agreement to acquire India’s Sanelec Excitation Systems, a manufacturer of voltage regulators and excitation systems used in generators and synchronous motors. The US$5.2 million transaction broadens the company’s technological base and reinforces REIVAX’s international expansion strategy.
Founded in 1998 in Bangalore, Sanelec employs about 40 people and generated US$2.3 million in net operating revenue in 2024, with an EBITDA margin of 29%. The company has long served as REIVAX’s exclusive partner in India, one of the world’s most dynamic power-generation markets.
Growing global footprint
The acquisition supports WEG’s plan to expand its presence in power-generation control solutions. The move strengthens REIVAX’s position in automatic voltage regulation and excitation systems — technologies essential for grid stability, operational reliability and the integration of new generation assets.
The transaction remains subject to customary closing conditions. Once completed, it is expected to speed up WEG’s entry into modernization and generation projects outside Latin America and reinforce its strategy of expanding in higher-value, technology-intensive products.