Drive technology
WEG takes over turbine and gearbox manufacturer TGM
The Brazilian drive technology manufacturer WEG has acquired TGM, a manufacturer of steam turbines and gearboxes also based in Brazil. As part of this transaction, the stake in the German subsidiary TGM Kanis Turbinen is also being transferred to WEG.
TGM (Indústria e Comércio de Turbinas e Transmissões Ltda.), founded in 1991 and headquartered in Sertãozinho in the state of São Paulo, is a leading provider of drive solutions for power generation in South America. TGM's drives are primarily used in power generation from thermal and renewable energy sources, particularly wind energy. TGM also manufactures mechanical gearboxes for fans, ventilators, shredders, water pumps, mills, sugar cane straighteners, turbo compressors and blowers as well as industrial processes. In addition to the 70,000 square meter site in Sertãozinho, the company also has branches in the Brazilian cities of Maceio and São José dos Campos as well as in Nuremberg. The company employs around 1,000 people worldwide and its total turnover in 2015 amounted to around 70 million US dollars.
Today's TGM Kanis Turbinen GmbH, based in Nuremberg, was initially founded in 2004 as Kanis Turbinen GmbH from employees of the former AEG Kanis, ABB Turbinen Nürnberg and Alstom Power Turbinen. In 2006, the company was renamed TGM Kanis Turbinen GmbH after TGM acquired a 50 percent stake. In 2010, the company moved to its current premises in the Nuremberg-Feucht industrial park.
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