Modine to Spin Off Performance Technologies Segment

Modine Manufacturing Company announced its intent to spin off its Performance Technologies (PT) segment into a separate entity, Platinum SpinCo Corporation, which will then simultaneously combine with Gentherm Incorporated. Following the transaction, Modine's Climate Solutions segment will continue as a standalone publicly traded company.

“We announced our intent to spin off and simultaneously combine our PT Segment with Gentherm, a public company headquartered in Novi, Michigan, with deep roots in the automotive industry.”

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