Modine Manufacturing is undergoing a strategic transformation to high-margin liquid cooling solutions for AI data centers.
Modine agreed to spin off its performance technologies business and combine it with Gentherm in a $1 billion deal intended to create a leader in the thermal management market. Modine will receive a ...
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Modine shares jump as $1B performance technologies merger deal with Gentherm takes shape
・Before the transaction closes, Modine is expected to receive a cash distribution of about $210 million from the spun-off unit. ・Afterward, Modine holders will own approximately 40% of the combined ...
NOVI, Mich. and RACINE, Wis., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), a global market leader of innovative thermal management and pneumatic comfort technologies, and Modine (NYSE: ...
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How will the Gentherm deal enhance Modine's growth prospects?
Modine Manufacturing Company MOD is accelerating its shift into a pure-play climate solutions business focused on high-growth ...
Modine Manufacturing (MOD) stock jumped after the thermal management technology company announced a sale of its performance technologies business to Gentherm (THRM) for ~$1B. The transaction value ...
Racine-based manufacturer Modine has secured a $180 million order to make data center cooling systems for an undisclosed buyer. The buyer is a leader in artificial intelligence infrastructure ...
M odine will invest more than $38 million in Mississippi to expand manufacturing capacity for data center chillers. The thermal management technology company’s planned investment through the end of ...
First, in the fall of 2024, was the opening of the largest Milwaukee Tool plant in America. Then, The Hollingsworth Companies, the largest non-urban industrial real estate developer in the ...
RACINE, Wis., July 2, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology, today announced the expansion of its EVantage™ portfolio with the launch of ...
Racine-based Modine has opened its newest facility in Franklin dedicated to boosting production of the company’s data center cooling products. Plans for the 153,000-square-foot plant at 3303 W.
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