Gentherm to combine with Modine's Performance Technologies in ~$1.0B RMT deal

Gentherm Inc

Transaction valued at ~$1.0B; Gentherm shareholders to own 60%, Modine shareholders 40%.
Pro forma combined co. revenue $2.6B; adj. EBITDA margin 13% post-synergy; net leverage ~1.0x.
Expected ~$25M annual cost synergies; deal expected to close Q4 2026.
Bill Presley (Gentherm CEO) to lead combined co.; Jeremy Patten continues as president of Modine Performance Technologies.
Modine to become pure-play climate solutions co. focused on data centers, HVAC.

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