Modine-Gentherm merger, Performance Technologies spinoff set to close Oct. 1

Reuters2026/09/10 20:16

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Modine Manufacturing Company published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609101615PR_NEWS_USPR_____NY45182) on September 10, 2026, and is solely responsible for the information contained therein.

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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Modine-Gentherm merger, Performance Technologies spinoff set to close Oct. 1

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