WEG S.A. (BOVESPA:WEGE3) is looking for mergers and acquisition. Harry Schmelzer, Chief Executive Officer said that ?We are a company that has different side other than marketed product. We're also a company that is worried about management cost.

We are a cost-cutting company, we'll do that all the time. We increase our efficiency and our processes. We do not have a strategy that chooses only one thing.

We work on several fronts at the same time. Mergers and acquisition strategy is going to go on?.