WEG Equipamentos Elétricos S.A. has acquired Sanelec Excitation Systems Private Limited for $5.2 Million.

The acquiring entity, while resident Indian, is foreign owned and controlled and hence, FEMA norms apply. This deal has a deferred consideration structure for payment to be made in two tranches within the 18 month FEMA timeline. 

TT&A advised WEG on this acquisition.

The transaction team consisted of Deepa Christopher (Partner), Chhavi Singhal (Senior Associate) and Aanchal Kabra (Associate).

WEG provides global solutions for electric motors, variable frequency drives, soft starters, controls, panels, transformers, and generators.

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