Modine plans to spin off its Performance Technologies business, then merge with Gentherm, creating a renamed thermal-management company called Modexus Solutions.
Closing is expected on Oct. 1, 2026, following Gentherm shareholder support at a Sept. 10 special meeting.
Modexus Solutions would keep Modine’s NYSE ticker symbol "MOD" once the name change takes effect.
Neil D. Brinker and Michael Lucareli are set to remain CEO and CFO, with the current board continuing.
A shareholder vote on the Modexus Solutions name change is expected within three months of closing.
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