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Dec 1, 2023ACQUISITIONLeverkusen, Germany

HELLA to take full control of brake joint venture Hella Pagid

HELLA and TMD Friction have agreed to transfer TMD Friction's 50% stake in Hella Pagid to HELLA, making HELLA the sole shareholder. The purchase price is undisclosed.

Status

Announced

Productsbrake componentsbrake accessories

CompaniesTMD Friction target Hella GmbH & Co. KGaA acquirer Hella Pagid target

Sectors#Automotive Components

“Over the past ten years, Hella Pagid has developed into a leading full-service provider for brake systems.”tmdfriction.com

1 source
tmdfriction.comBrake joint venture Hella Pagid - TMD FrictionDec 1, 2023

Summarized from public sources; check the original articles before acting on it.

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HELLA to take full control of brake joint venture Hella Pagid · Endata