# Gentherm and Modine to combine in Reverse Morris Trust transaction

Gentherm and Modine announced a definitive agreement for Modine to spin off its Performance Technologies business and combine it with Gentherm in a Reverse Morris Trust transaction valued at approximately $1.0 billion. The combined company will be a leader in thermal management solutions.

- Type: Acquisition
- Announced: 2026-01-29
- Where: United States
- Value: $1.00B
- Status: announced
- Products: thermal management solutions, precision flow management
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Gentherm](https://endata.com/companies/637.md) (acquirer)
- [Modine](https://endata.com/companies/11606.md) (partner)
- [Modine](https://endata.com/companies/11606.md) (target)
- [Modine Performance Technologies](https://endata.com/companies/90065.md) (target)

## Sources

- [ir.gentherm.com](https://ir.gentherm.com/news-releases/news-release-details/gentherm-and-modines-performance-technologies-business-combine/), 2026-01-29: "The transaction will establish Gentherm as a scaled leader in thermal management solutions and expand its technologies and capabilities in precision flow management."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/903129/000119312526028170/d71657dex991.htm), 2026-01-29: "Gentherm and Modine today announced that they have entered into a definitive agreement whereby Modine will spin-off and simultaneously combine its Performance Technologies business with Gentherm in a Reverse Morris Trust transaction that is intended to be tax-free for Modine and Modine shareholders "
- [honigman.com](https://www.honigman.com/pressrelease-2929), 2026-02-02: "The transaction will situate Gentherm as a scaled leader, initiate expansion in thermal management solutions..."
- [dbusiness.com](https://www.dbusiness.com/daily-news/gentherm-in-novi-acquires-modines-performance-technologies-business-for-1b-2/), 2026-02-02: "Gentherm in Novi and Modine in Wisconsin have agreed to merge the latter's performance technology business — Modine Performance Technologies — into Gentherm."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.