Modine to become Modexus Solutions after Gentherm merger and Performance Technologies spinoff

  • Modine announced plans to rename itself Modexus Solutions after the Gentherm transaction closes.
  • October 1, 2026, is the current expected closing date, subject to customary conditions.
  • Gentherm shareholders overwhelmingly approved the transaction at their September 10 special meeting.

Modine announced plans to rename itself Modexus Solutions after completing the spinoff of its Performance Technologies business and its merger with Gentherm. The name change requires approval from Modine shareholders, and the company expects to hold a special meeting within three months after the transaction closes. Gentherm shareholders overwhelmingly approved the transaction at a special meeting on September 10, 2026. Closing is currently expected on October 1, subject to customary conditions. Once effective, Modexus Solutions will continue trading on the New York Stock Exchange under Modine's current ticker, MOD. Neil D. Brinker will remain CEO and Michael (Mick) Lucareli will remain CFO, alongside the current Board of Directors. The renamed company will focus on thermal management markets including data center cooling, commercial HVAC and refrigeration.

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