Modine Manufacturing Completes $946M Spin-Off and Merger with Gentherm

Key Facts

1Modine Manufacturing completed the spin-off and merger of its Performance Technologies unit with Gentherm.

2The total value of the transaction was approximately $946 million.

3Modine shares traded lower on Friday following the announcement of the completed spin-off.

Modine Manufacturing completed the spin-off and merger of its Performance Technologies unit with Gentherm. Benzinga reported that the total value of the transaction was approximately $946 million. The move is a strategic effort to separate the segment into a combined entity with Gentherm to streamline Modine's core operations.

Modine shares traded lower following the announcement of the completed spin-off, with MOD closing at $189.21 on October 1, 2026. On the same date, Gentherm shares, trading under the ticker THRM, closed at $33.63 as the market assessed the impact of the corporate restructuring.