Mergers & Acquisitions ·
Modine completes spin-off of Performance Technologies business in Reverse Morris Trust transaction with Gentherm
MODModine Manufacturing Co
On October 1, 2026, Modine Manufacturing Company completed the previously announced spin-off of its Performance Technologies business and combined it with Gentherm Incorporated in a Reverse Morris Trust transaction. The filing provides unaudited pro forma financial information reflecting the separation, which is accounted for as discontinued operations beginning in the third quarter of fiscal 2027. Pro forma results for the year ended March 31, 2026, show net sales of $2,055.4 million and operating income of $230.7 million for the remaining entity. Modine Manufacturing Company designs and manufactures thermal management products for commercial vehicles, HVAC systems, and industrial applications.