Modine Acquires Scott Springfield Manufacturing

Gentherm Completes Combination with Modine Performance Technologies

October 1, 2026

Manufacturing

Gentherm completed its combination with Modine’s Performance Technologies business, which was spun off into Platinum SpinCo Inc. and merged with a Gentherm subsidiary in a Reverse Morris Trust transaction. Modine shareholders received Gentherm shares, and Modine received approximately $156 million in cash proceeds that it used to repay debt.

SPX Technologies Acquires Crawford United for Approximately $300 Million

February 6, 2026

Industrial Services

SPX Technologies has completed its acquisition of Crawford United Corporation in an approximately $300 million transaction. The deal adds Crawford United’s Commercial Air-Handling Equipment segment (Air Enterprises and Rahn Industries) to expand SPX’s HVAC capabilities, while its Industrial and Transportation Products segment is being treated as non-core and planned for sale.

Copeland to Acquire SPH Sustainable Process Heat

October 23, 2025

HVAC & Mechanical

Copeland (Vilter) has signed an agreement to acquire SPH Sustainable Process Heat (SPH), a Germany-based industrial heat pump technology company. The deal is expected to expand Copeland’s industrial heating portfolio, including higher-temperature steam heat pump solutions, and broaden supported refrigerants and sales channels; SPH will continue to operate independently until closing.

Modine Acquires Climate by Design International

July 1, 2025

Manufacturing

Modine (NYSE: MOD) has acquired Climate by Design International (CDI), a Minnesota-based manufacturer of desiccant dehumidifiers and critical process air handlers. The acquisition expands Modine's Commercial IAQ capabilities, adding desiccant-based humidity control technology and additional U.S. manufacturing capacity to serve end markets such as pharmaceuticals, food processing, cold storage, and battery manufacturing.

Regent Acquires Three Modine Automotive Businesses in Germany

September 6, 2023

Automotive

Modine has signed a definitive agreement to sell three of its German automotive businesses (located in Neuenkirchen, Pliezhausen and Wackersdorf) to affiliates of Regent, L.P. The businesses manufacture exhaust gas recirculation (EGR) coolers, radiators and charge air cooler modules and generated combined FY2023 revenue of $80–$90 million; the sale is part of Modine's strategy to focus on higher-margin technologies and is expected to close pending regulatory approval.

Modine Acquires Napps Technology

July 6, 2023

Manufacturing

Modine (NYSE: MOD) has acquired Napps Technology, a manufacturer of air- and water-cooled chillers, condensing units and heat pumps that serve the K-12 school market and similar applications. The acquisition expands Modine’s indoor air quality and small-tonnage chiller product portfolio, with manufacturing to continue in Longview, Texas, and Napps president Sam Neale joining Modine; Modine expects $6–8 million in revenue this year from the acquisition and forecasts that to double within two years.