Public Company Manufacturing

Gentherm

Novi, Michigan, United States

Global provider and manufacturer of thermal management and comfort technologies for automotive (heating, cooling, and ventilating devices for seats and electronics) and medical patient temperature management systems.

Focus Areas
Thermal management systems, Heating, cooling, and ventilating devices, Electronics thermal management
Website
gentherm.com

Tracked deals

3

3 tracked deals across 2017-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Buyout

2 buyout · 1 divestiture

Gentherm Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Gentherm. 1 2017 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Modine Spinoff of Performance Technologies and Merger with Gentherm to Form Modexus Solutions
    September 10, 2026
    Buyer
    Gentherm, Modine
    Target
    Modine Performance Technologies, Platinum SpinCo Inc.
    Industry
    Industrial Services
    Location
    Wisconsin, United States
    Type
    Divestiture

    Modine announced it will become Modexus Solutions after completing a spinoff of its Performance Technologies business (via Platinum SpinCo Inc.) and merging with Gentherm. The transaction received overwhelming approval from Gentherm shareholders and is currently expected to close on October 1, 2026, subject to customary closing conditions.

  • Gentherm Acquires Innovative Medical Equipment, LLC
    July 25, 2026
    Buyer
    Gentherm
    Target
    Innovative Medical Equipment, LLC (IME)
    Seller
    Brad Pulver (Founder and President of Innovative Medical Equipment)
    Industry
    Medical Devices
    Location
    Ohio, United States
    Type
    Buyout

    Gentherm (NASDAQ: THRM) has acquired Innovative Medical Equipment, LLC (IME), a Cleveland-area provider of the ThermaZone non-opioid thermal therapy device. The deal is intended to strengthen Gentherm’s Medical business by expanding its medical product portfolio, technology platform, and customer channels.

  • Gentherm Acquires Etratech Enterprises
    November 8, 2017
    Buyer
    Gentherm Incorporated
    Target
    Etratech Enterprises, Inc.
    Seller
    Shareholders of Etratech Enterprises (including The Shotgun Fund)
    Industry
    Manufacturing
    Location
    Ontario, Canada
    Type
    Buyout

    Gentherm Incorporated acquired Etratech Enterprises, Inc., a Burlington, Ontario–based designer and manufacturer of advanced electronic controls and systems, from Etratech shareholders (including minority investor The Shotgun Fund). Etratech, which employs more than 400 people and had estimated revenues of CAD 77 million (about US$61 million) trailing-12-months, was purchased for US$64 million (~8.5x trailing EBITDA).

Related Acquisition Pages

Industrial Services Buyers & Acquisitions 1 tracked deal by Gentherm. Manufacturing Buyers & Acquisitions 1 tracked deal by Gentherm. Medical Devices Buyers & Acquisitions 1 tracked deal by Gentherm. Acquisitions in Ohio 1 tracked deal by Gentherm. Acquisitions in Wisconsin 1 tracked deal by Gentherm.

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