Marketing of brake products under the HELLA brand scheduled to start on October 1, 2024.
HELLA plans to purchase TMD's 50 % share in the Hella Pagid joint venture. HELLA would therefore become the sole shareholder of what has been, up to now, a joint venture. Both companies have signed a letter of intent to this effect. Founded in 2013, the Hella Pagid joint venture sells brake components and accessories on the automotive aftermarket worldwide.