# 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.

- Type: Investment
- Announced: 2019-07-31
- Where: Boucherville, Quebec, Canada
- Value: $64.0M (85.0M CAD)
- Jobs: 30
- Status: announced
- Products: electric powertrain systems, electric motors for buses and trucks, off-highway electric motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Dana TM4](https://endata.com/companies/7006.md)
- [Dana Incorporated](https://endata.com/companies/369.md) (partner)
- [Hydro-Québec](https://endata.com/companies/3478.md) (investor)
- [SME Corporation](https://endata.com/companies/27055.md) (target)
- [Prestolite E-Propulsion Systems](https://endata.com/companies/41008.md) (target)
- [Dana Electric Motor Co.](https://endata.com/companies/41015.md) (target)

## Sources

- [lesaffaires.com](https://www.lesaffaires.com/secteurs/politique/hydro-quebec-injecte-85m-dans-sa-coentreprise-avec-dana-2/), 2019-07-31: "Ces nouveaux investissements permettront d’accélérer la croissance de notre partenariat avec Dana."
- [oemoffhighway.com](https://www.oemoffhighway.com/electronics/power-systems/press-release/21080538/dana-tm4-tm4-rebranded-receives-new-investments), 2019-07-31: "With the investments we are making today, our partnership with Dana will continue to grow."
- [newswire.ca](https://www.newswire.ca/news-releases/hydro-quebec-and-partner-dana-invest-to-strengthen-their-leadership-position-in-electric-powertrains-882815086.html), 2019-07-31: "Our goal continues to be creating wealth in Québec while promoting our expertise in transportation electrification globally."

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