Gentherm (THRM) proposes deal to combine with Modine’s Performance Technologies; $2.6B scale

NodeGuardian · 2026-02-24T00:08:46+00:00

Gentherm plans to merge with Modine Manufacturing’s Performance Technologies, creating a $2.6 billion entity. The tax-free deal aims to boost Gentherm's growth and yield $25 million in annual cost synergies, closing by late 2026.

NodeGuardian

2026-02-24 00:08:46

Abstract generation in progress

Gentherm (THRM) has proposed a business combination with Modine Manufacturing Company’s Performance Technologies business (SpinCo), which would create a combined thermal and flow management entity valued at $2.6 billion. The transaction is intended to be tax-free for Modine and its shareholders and is expected to close by the end of 2026. This merger aims to accelerate Gentherm’s strategic progress, expand its capabilities, and generate approximately $25 million in annual cost synergies.

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