secwatch.observer — SEC 8-K summary
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Issuer:     MODINE MANUFACTURING CO (MOD)
CIK:        0000067347
Form:       8-K
Filed at:   2025-07-01T23:59:59+00:00
Accession:  0001558370-25-009017
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Modine completes ~$65M acquisition of Climate by Design International, realigns segments
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- ~$65M cash purchase of desiccant-based dehumidification and air handling firm; expected FY26 revenue $45M.
- Acquisition multiple below 10x EV/FWD EBITDA, accretive to EPS; pro forma net leverage ~1.1x.
- CDI serves ice arenas, food processing, battery cell manufacturing; strengthens Commercial IAQ portfolio to >$100M.
- Performance Technologies re-segmented into Heavy-Duty Equipment and On-Highway Applications; Advanced Solutions (EV) now in On-Highway.
- Climate Solutions re-segmented into Heat Transfer Solutions, HVAC Technologies, Data Centers; Commercial IAQ moved to HVAC Technologies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/67347/000155837025009017/0001558370-25-009017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/67347/000155837025009017/mod-20250701x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-009017

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