Modine has announced the sale of three automotive businesses in Germany to Regent LP, aimed at realigning its portfolio towards sustainable technologies.

Target Information

Modine Manufacturing Company, a diversified global leader in thermal management technology, has announced its decision to sell three automotive businesses located in Germany. These facilities, based in Neuenkirchen, Pliezhausen, and Wackersdorf, primarily focus on manufacturing parts for internal combustion engine applications. The sale is part of Modine's strategic initiative to streamline operations and focus on its core competencies.

The sale is anticipated to conclude in the coming weeks, contingent on receiving the necessary regulatory approvals. This divestiture reflects Modine's ongoing efforts to adapt to the rapidly changing automotive market, particularly as the industry shifts towards more sustainable energy solutions.

Industry Overview

The automotive industry in Germany remains one of the largest and most influential sectors globally, known for its innovation and high-quality manufacturing standards. As the hub for leading automobile manufacturers, the German automotive lands