Gentherm Finalizes Merger with Modine's Performance Technologies Business

Key Facts

1Gentherm announced the completion of its previously announced combination with Modine's Performance Technologies business.

2Gentherm appointed Paul Mascarenas to its Board of Directors following the completion of the transaction.

Gentherm announced the completion of its previously announced combination with Modine's Performance Technologies business, according to a GlobeNewswire statement. Following the transaction, the company appointed Paul Mascarenas to its Board of Directors and declared a special dividend of $2.07 per share, payable on October 7, 2026, to shareholders of record as of September 28, 2026.

THRM closed at $33.3 on September 30, 2026, with Gentherm's legacy shareholders owning approximately 56.38% of the combined entity and Modine shareholders holding 43.62%. The merger aims to create a global leader in thermal and precision flow management technologies, while Modine plans to operate as Modexus Solutions following a proposed name change.