June 23, 2020 / 12:16 PM / 18 days ago

Brazilian motor maker WEG acquires stake in startup Mvisia

SAO PAULO (Reuters) - Brazilian motor maker WEG has reached a deal to acquire a 51% stake in the artificial intelligence startup Mvisia, the company said in a statement on Tuesday.

WEG has been acquiring digital startups since June last year aiming at increasing industrial efficiency. The company did not inform the value of the deal with Mvisia.

Reporting by Carolina Mandl, editing by Louise Heavens

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