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Hella takes full control of the Hella Pagid JV with Tmd Friction - Industry & Analysis

2023-12-05T13:46:23.252Z

Highlights: Hella takes full control of the Hella Pagid JV with TMD Friction. Sales of braking products under the HellA brand are scheduled to start on October 2024. The Hella Pagid portfolio will then be sold in the independent spare parts business under the Hella brand. The parties have agreed not to disclose the value of the transaction. The regaining of full control will give TMD the opportunity to distribute its products in all regions of the world and to further develop this brand.


The German Hella Group, a leader in the automotive lighting sector, has announced that it has acquired all the shares held in the Hella Pagid joint venture, founded in 2013, by the brake pad manufacturer TMD Friction. (ANSA)


The German Hella Group, a leader in the automotive lighting sector, has announced that it has acquired all the shares held in the Hella Pagid joint venture, founded in 2013, by the brake pad manufacturer TMD Friction. The parties have agreed not to disclose the value of the transaction.
"Over the past ten years, Hella Pagid has become a leading full-service provider for brake systems," explains Stefan van Dalen, Managing Director of Lifecycle Solutions at Hella, "and with the planned full acquisition of Hella Pagid, we will sell brake spare parts under the strong Hella brand in the future and continuously expand the brake systems business."
Sales of braking products under the Hella brand are scheduled to start on October 2024, <>.
The plans also include the transfer of all key functions of Hella Pagid, including product management and employee recruitment, to Hella in the medium term. The Hella Pagid portfolio will then be sold in the independent spare parts business under the Hella brand. The brake pads, one of the main products in the Hella Pagid range together with the brake discs and the brake hydraulics, will continue to be purchased from the manufacturer TMD Friction as part of an ongoing business relationship.
The regaining of full control of the Pagid brand will give TMD the opportunity to distribute its products in all regions of the world and to further develop this brand.
This will also allow Pagid to return to using Textar as a premium brand for the global automotive industry in the TMD Friction portfolio.

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Source: ansa

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