# Dana acquires majority stake in TM4 from Hydro-Québec for CAD$165 million

Dana Incorporated acquired a majority stake in TM4 Inc., a Hydro-Québec subsidiary specializing in electric motors and inverters, for CAD$165 million. The joint venture integrates TM4's electric propulsion technologies with Dana's gearbox and thermal management systems.

- Type: Acquisition
- Announced: 2025-09-30
- Where: Boucherville, Quebec, Canada
- Value: $122.0M (165.0M CAD)
- Status: completed
- Products: electric motors, inverters, control systems, e-Drive systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Dana Incorporated](https://endata.com/companies/369.md) (acquirer)
- [Hydro-Québec](https://endata.com/companies/3478.md) (partner)
- [TM4 Inc.](https://endata.com/companies/3479.md) (target)

## Sources

- [design-engineering.com](https://www.design-engineering.com/joint-venture-between-dana-and-hydro-quebec-powers-up-canadas-e-mobility-market-1004047043/), 2025-09-30: "We are excited to welcome TM4 into Dana's global family and to be partnering with Hydro-Québec."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.