# 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.

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

## Companies

- [TMD Friction](https://endata.com/companies/51168.md) (target)
- [Hella GmbH & Co. KGaA](https://endata.com/companies/60684.md) (acquirer)
- [Hella Pagid](https://endata.com/companies/74077.md) (target)

## Sources

- [tmdfriction.com](https://tmdfriction.com/en/media/brake-joint-venture-hella-pagid/), 2023-12-01: "Over the past ten years, Hella Pagid has developed into a leading full-service provider for brake systems."

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