Dana to acquire portion of Modine's light-vehicle thermal business

Dana Incorporated signed a definitive agreement to purchase a portion of the thermal-management business of Modine Manufacturing Company's automotive segment for $1 plus assumption of certain financial liabilities. The transaction is expected to close in the first half of 2021 and adds approximately $300 million in revenue.

“Dana's in-house engineering and manufacturing of thermal-management technologies is an important differentiator, and this acquisition is synergistic to our current portfolio, making it a natural fit for our Power Technologies business.”dana.com

• 1 source
• dana.comDana to Acquire Portion of Light-Vehicle Thermal Business from Modine Manufacturing CompanyNov 2, 2020

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