Modine to Combine Performance Technologies Business with Gentherm in Reverse Morris Trust Transaction

Modine Manufacturing Company has entered into definitive agreements to combine its Performance Technologies business with Gentherm Incorporated in a Reverse Morris Trust transaction. Modine will receive $210 million in cash and its shareholders will own approximately 40% of Gentherm's outstanding common stock following the deal.

“On January 29, 2026, Modine Manufacturing Company, a Wisconsin corporation (the “Company” or “Modine”), entered into definitive agreements with Gentherm Incorporated, a Michigan corporation (“Gentherm”), pursuant to which the Company’s Performance Technologies business (the “Performance Technologies Business”) will be combined with Gentherm in a Reverse Morris Trust transaction.”

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