Racine, Wis. – October 01, 2026 -- Modine (NYSE: MOD) has completed the spin-off of its Performance Technologies business and its combination with Gentherm (NASDAQ: THRM) through a Reverse Morris Trust transaction, closing a deal that valued the unit at approximately $946.4 million.

Franklin, WI – September 23, 2026 -- Modine (NYSE: MOD) is hiring up to 300 workers at its Franklin, Wisconsin facility to scale production of Airedale data center cooling systems, with production assembler roles starting at $23 per hour.

Racine – September 16, 2026 -- Modine Manufacturing Company (NYSE: MOD) will rename itself Modexus Solutions once it completes the spinoff of its Performance Technologies business and merges the remaining operations with Gentherm, the company confirmed. The rebrand requires shareholder approval and the new entity will keep trading under the existing ticker, MOD.