Modine to acquire Luvata Heat Transfer Solutions for ~$422M

Modine Manufacturing entered a definitive agreement to acquire Luvata Heat Transfer Solutions (HTS), a leading global producer of HVAC&R coils and coatings, for approximately $422 million financed via cash, debt, and $25M of Modine stock.

“Modine Manufacturing Compan announced that it has entered into a definitive agreement to acquire Luvata Heat Transfer Solutions (HTS) for a total consideration of approximately $422 million, to be financed through a combination of cash, debt, and $25 million of Modine common stock.”

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