Dana acquires majority stake in TM4 from Hydro-Québec in electric motor joint venture

Dana Incorporated becomes majority shareholder of TM4, Hydro-Québec's electric motor and inverter subsidiary, for CA$165 million, with Hydro-Québec keeping 45%. TM4's Boucherville, Québec facility and 130 employees remain in place.

“Dana will become a majority shareholder of TM4 in exchange for CA$165 million (approximately US$127 million).”dana.com

• 1 source
• dana.comDana Incorporated and Hydro-Québec Announce Strategic Joint VentureJun 22, 2018

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