# 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.

- Type: Acquisition
- Announced: 2020-11-02
- Where: United States, Europe, and Asia, United States
- Status: announced
- Products: chillers, water-charged air coolers, exhaust-gas recirculation, electric-vehicle thermal technologies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Dana Incorporated](https://endata.com/companies/369.md) (acquirer)
- [Modine Manufacturing Company](https://endata.com/companies/2921.md) (target)

## Sources

- [dana.com](https://www.dana.com/newsroom/press-releases/dana-to-acquire-portion-of-light-vehicle-thermal-business-from-modine-manufacturing-company/), 2020-11-02: "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."

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