Modine to Spin Off Performance Technologies Business and Combine with Gentherm

Modine Manufacturing Company plans to spin off its Performance Technologies business (comprising Heavy-Duty Equipment and On-Highway Applications product groups) into a new entity, Platinum SpinCo Corporation, which will then combine with Gentherm Incorporated. The remaining Modine businesses will focus on data center cooling, commercial HVAC, and refrigeration as a pure-play climate solutions company.

“The following communication is being filed in connection with the proposed business combination between Gentherm Incorporated and Platinum SpinCo Corporation (“SpinCo”), Modine Manufacturing Company’s Performance Technologies business.”

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