Modine Completes Spin-off and Combination of its Performance Technologies Business with Gentherm
PR Newswire•01/10/2026•16:39 ET
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Key Highlights
- ➤Performance Technologies spin-off and Gentherm (THRM) combination completed
- ➤Modine (MOD) received approximately $156 million cash distribution to repay debt
- ➤Modine shareholders received 0.44619 Gentherm shares per Modine share
- ➤Performance Technologies business valued at approximately $946.4 million
- ➤Modine shareholders own approximately 43.62% of combined Gentherm shares
Expert Statements
Neil D. Brinker, President and Chief Executive Officer of Modine
“Completing this transaction marks an important milestone in our evolution to a diversified thermal management company serving high-growth markets,”
Neil D. Brinker, President and Chief Executive Officer of Modine
“With a portfolio focused on data center cooling, commercial HVAC and refrigeration, we can devote our resources and 80/20 discipline to the markets where our thermal management expertise can make the greatest difference for customers and create long-term value for shareholders.”
Neil D. Brinker, President and Chief Executive Officer of Modine
“We congratulate the Gentherm team on completing this transaction and thank our Performance Technologies colleagues for their meaningful contributions to the organization,”
Neil D. Brinker, President and Chief Executive Officer of Modine
“We wish them continued success as part of Gentherm.”
Modine Completes Spin-off and Combination of its Performance Technologies Business with Gentherm PR Newswire
Announces Final Exchange Ratio and Cash Distribution to Modine
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