Expands Gentherm's portfolio with highly complementary thermal management products and engineering capabilities, creating strong commercial opportunities in attractive end markets including power generation, commercial vehicles, and heavy-duty equipment Creates a compelling and more balanced financial profile for the combined company including lower light vehicle exposure, greater scale, substantial synergies, and a balance sheet with capacity to invest in future growth Reverse Morris Trust transaction valued at ~$1.0 billion, 1 ~6.8x post-synergy adjusted EBITDA 2,3,4 with Modine and Gentherm shareholders expected to own 40% and 60% of the combined company, respectively Accelerates the transformation of Modine's portfolio to create a pure-play climate solutions company with highly engineered, mission-critical thermal management solutions, focused on high-growth, high-margin businesses for sustainable returns Gentherm to host conference call at 8:00 AM ET today; Modine to host conference call at 9:15 AM ET today NOVI, Mich. and RACINE, Wis.
