Hydro-Québec invests $85M in Dana TM4 joint venture

Hydro-Québec invested $85 million in Dana TM4 to maintain its 45% stake. The joint venture will acquire the remaining 50% of Prestolite E-Propulsion Systems (renamed Dana Electric Motor) and integrate Italian motor maker SME, for a total of about $190 million.

“Ces nouveaux investissements permettront d’accélérer la croissance de notre partenariat avec Dana.”lesaffaires.com

• 3 sources
• lesaffaires.comHydro-Québec injecte 85M $ dans sa coentreprise avec Dana - Les AffairesLa Presse CanadienneJul 31, 2019
• oemoffhighway.comTM4 Rebranded, Receives New Investments | OEM Off-HighwayJul 31, 2019
• newswire.caHydro-Québec and partner Dana invest to strengthen their leadership position in electric powertrainsHydro-QuébecJul 31, 2019

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