Modine to Spin Off and Combine Performance Technologies with Gentherm

Modine Manufacturing Company announced its intent to spin off its Performance Technologies business and simultaneously combine it with Gentherm Incorporated in a Reverse Morris Trust transaction. The remaining Climate Solutions and Data Centers segments will continue as a standalone publicly traded company focused on data center and commercial HVAC and refrigeration markets.

“We announced our intent to spin off and simultaneously combine our Performance Technologies business with Gentherm, a public company headquartered in Novi, Michigan.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.