(Corrects amount of Watt Drive’s estimated revenue in second paragraph of story published Nov. 8.)
Nov. 8 (Bloomberg) -- Brazil’s industrial-machinery maker Weg SA said it signed an agreement to acquire Watt Drive Antriebstechnick GmbH, an Austrian company specialized in power transmission.
Watt Drive’s 2011 net revenue is estimated at about 30 million euros, Weg said in a regulatory filing, without giving further financial details for the transaction.
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