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Strategy

Modine Spins Performance Technologies Into Gentherm in a $946 Million Reverse Morris Trust and Plans a Rename

Modine shareholders received 0.44619 Gentherm shares each and now hold about 43.6% of the combined company. Modine took a $156 million cash distribution, cut from $210 million, and intends to become Modexus Solutions.

AF

By Anna Ferreira

Oct 3, 2026 · 2 min read

Modine Manufacturing completed the separation of its Performance Technologies business and its immediate combination with Gentherm on Oct. 1, closing one of the year's larger Reverse Morris Trust transactions and leaving Modine a narrower thermal-management company.

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AF

Anna Ferreira

Senior Correspondent, Corporate Strategy

Anna Ferreira writes for Corporate Insider Inc.

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