Modine Manufacturing Company (NYSE: MOD) announced that it has signed a definitive agreement with Dana Incorporated to sell the liquid-cooled portion of its automotive business, which represents approximately 70% of its Automotive business revenue. The transaction is an important milestone in Modine’s previously announced plan to exit its Automotive business. The transaction is expected to […]
Modine Exploring Strategic Alternatives for Automotive Business
Modine Manufacturing Company (NYSE:MOD) announced that it is exploring strategic alternatives for its automotive business. “Today’s announcement reinforces our strategic priority to continue to grow our global, market leading positions in Commercial HVAC, Refrigeration, Commercial Vehicle, and Off-Highway market segments, both organically and inorganically,” Burke added. “Building upon the momentum from our significant acquisition in […]