Modine-Gentherm merger, Performance Technologies spinoff set to close Oct. 1
Reuters2026/09/10 20:16- Modine plans to spin off its Performance Technologies business, then merge with Gentherm, creating a renamed thermal-management company called Modexus Solutions.
- Closing is expected on Oct. 1, 2026, following Gentherm shareholder support at a Sept. 10 special meeting.
- Modexus Solutions would keep Modine’s NYSE ticker symbol “MOD” once the name change takes effect.
- Neil D. Brinker and Michael Lucareli are set to remain CEO and CFO, with the current board continuing.
- A shareholder vote on the Modexus Solutions name change is expected within three months of closing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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