# 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.

- Type: Acquisition
- Announced: 2018-06-22
- Where: Boucherville, Québec, Canada
- Value: $127.0M (165.0M CAD)
- Jobs: 130
- Status: announced
- Products: electric motors, power inverters, control systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.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

- [dana.com](https://www.dana.com/newsroom/press-releases/dana-incorporated-and-hydro-quebec-announce-strategic-joint-venture/), 2018-06-22: "Dana will become a majority shareholder of TM4 in exchange for CA$165 million (approximately US$127 million)."

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