# 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.

- Type: Acquisition
- Announced: 2023-12-01
- Where: Lippstadt, Germany
- Status: announced
- Products: brake components, brake systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hella Group](https://endata.com/companies/26970.md) (acquirer)
- [TMD Friction](https://endata.com/companies/51168.md) (partner)
- [TMD Friction](https://endata.com/companies/51168.md) (target)
- [Hella Pagid](https://endata.com/companies/74077.md) (target)

## Sources

- [hella.com](https://www.hella.com/hella-com/de/press/Unternehmen-01-12-2023-21375.html), 2023-11-30: "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](https://www.hella.com/en/Newsroom/Press-Releases/2023-12-01-Brake-joint-venture-Hella-Pagid-HELLA-and-TMD-Friction-agree-on-complete-takeover-by-HELLA-3392/), 2023-12-01: "HELLA would thus become the sole shareholder of Hella Pagid."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5273383/tmd-friction-hella-ink-deal-for-hella-to-acquire-50-share-in-brake-joint-venture-hella-pagid), 2023-12-04: "The two companies signed a letter of intent, with HELLA becoming the sole shareholder of Hella Pagid."

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