With shareholder and regulatory approvals secured, the deal is on track to close October 1. Monitor for the final exchange ratio announcement and any post-close integration updates. The combined entity's higher-growth profile could drive multiple expansion.
Price Chart
Executive Summary
Gentherm shareholders voted overwhelmingly (99% of votes cast) to approve the combination with Modine's Performance Technologies business, including share issuance and a charter amendment to increase authorized shares. All required regulatory approvals have been received, and the transaction is expected to close on October 1, 2026. The deal transforms Gentherm into a higher-growth, higher-margin thermal and precision flow management business.
Key Financial Metrics
Key Facts
- 99% of votes cast approved the share issuance proposal; 94% of outstanding shares voted in favor of the charter amendment.
- All required regulatory approvals have been received, including a Private Letter Ruling from the IRS.
- Transaction expected to close on October 1, 2026.
- The combination creates a higher growth, higher margin thermal and precision flow management business.
- Gentherm recorded 2025 annual sales of approximately $1.5 billion and secured $2.2 billion in automotive new business awards.
Financial Impact
Transaction transforms Gentherm into a combined business with Modine's Performance Technologies; 2025 annual sales were ~$1.5B with $2.2B in new business awards. Deal value not disclosed.
Risk Factors
- Integration risk — combining two businesses may face operational or cultural challenges.
- Share issuance dilutes existing Gentherm shareholders; final exchange ratio not yet announced.
- Macroeconomic and automotive industry headwinds could impact combined company performance.
- Potential for shareholder litigation or other closing conditions to delay or prevent completion.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3359875 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | 8-K | $38.85 $36.35 | ▼ −6.43% | ▼ −6.21% | $31.30 (−19.43%) |
Sep 10, 2026 22d ago | Press Release | $38.33 $37.66 | ▼ −1.75% | ▼ −1.25% | $31.30 (−18.34%) |
Aug 13, 2026 7w ago | EFFECT | $43.07 $40.67 | ▼ −5.57% | ▼ −3.61% | $31.30 (−27.33%) |
Jul 23, 2026 10w ago | 425 / 8-K | $45.61 $42.32 | ▼ −7.21% | ▼ −7.69% | $31.30 (−31.37%) |
Jul 23, 2026 10w ago | Press Release | $45.61 $42.32 | ▼ −7.21% | ▼ −7.69% | $31.30 (−31.37%) |
Jul 22, 2026 10w ago | Press Release | $45.61 $42.32 | ▼ −7.21% | ▼ −7.69% | $31.30 (−31.37%) |
Jul 20, 2026 10w ago | Press Release | $36.64 $42.07 | ▲ +14.82% | ▲ +16.05% | $31.30 (−14.57%) |
Jul 7, 2026 12w ago | Press Release | $34.48 $35.89 | ▲ +4.09% | ▲ +3.23% | $31.30 (−9.22%) |
Jul 2, 2026 13w ago | 425 | $33.88 $35.68 | ▲ +5.31% | ▲ +4.38% | $31.30 (−7.62%) |
Jul 2, 2026 13w ago | 8-K | $33.88 $35.68 | ▲ +5.31% | ▲ +4.38% | $31.30 (−7.62%) |
US Market Status
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