✉news BusinessBusiness first seen 7 h ago, last 3 h ago, peak #8
Modine Completes Spin-off Merging Performance Technologies with Gentherm
Original: Modine Completes Spin-off and Combination of its Performance Technologies Business with Gentherm
Modine Manufacturing has completed the spin-off of its Performance Technologies business and its combination with Gentherm, creating a combined company. The deal separates Modine's automotive-related operations from its climate solutions business, while Gentherm expands its thermal management portfolio. Investors and industry watchers are following what the completed transaction means for both companies' strategies going forward.
Why now: The deal has just closed, making the restructuring of two thermal-management players newsworthy to investors and industry observers.
Evidence
- Modine Completes Spin-off and Combination of its Performance Technologies Business with Gentherm · PR Newswire
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