Majority stake Announced Sep 2016 Verified
Modine to acquire Luvata Heat Transfer Solutions for ~$422M
Relationship map
Parties
Parties
Market signals
Market signals
Summary
Modine Manufacturing entered a definitive agreement to acquire Luvata Heat Transfer Solutions, the largest independent producer of HVACR coils and coatings, for approximately $422 million financed via cash, debt, and Modine stock; close expected in 2016 subject to regulatory review.