HELLA to acquire full ownership of Hella Pagid joint venture

HELLA and TMD Friction have agreed that HELLA will acquire the 50% stake in the Hella Pagid joint venture held by TMD Friction, making HELLA the sole shareholder. The transaction is expected to close by October 1, 2024.

“Mit der geplanten Vollübernahme von Hella Pagid wollen wir Bremsenprodukte künftig unter der starken HELLA Marke vertreiben und das Bremsengeschäft nach vorne heraus kontinuierlich ausbauen.”hella.com

• 3 sources
• hella.comUnternehmen / 02.10.2023 | HELLANov 30, 2023
• hella.com2023.12.01 Brake joint venture Hella Pagid: HELLA and TMD Friction agree on complete takeover by HELLA | FORVIA HELLADec 1, 2023
• autotechinsight.spglobal.comTMD Friction, HELLA ink deal for HELLA to acquire 50% share in brake joint venture HELLA Pagid - Automotive Technology Insight | Forecasts | Industry News | Supply ChainDec 4, 2023

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