Modine has signed a definitive agreement to sell its three automotive businesses in Germany to Regent LP, focusing on transitioning towards sustainable technologies.

Target Information

Modine, a diversified global leader in innovative thermal management technologies and solutions, has recently announced its decision to sell three of its automotive businesses located in Germany. These businesses, situated in Neuenkirchen, Pliezhausen, and Wackersdorf, primarily manufacture components for internal combustion engine applications for the European market. The sale is subject to regulatory approval and is anticipated to be finalized in the coming weeks.

Industry Overview in Germany

The automotive industry in Germany is one of the largest and most significant sectors within the country's economy, renowned for its engineering expertise and innovation in automotive technology. As Europe’s largest automotive market, Germany boasts a diverse range of manufacturers, from luxury carmakers to more budget-friendly brands, all contributing to a robust supply chain with a rich history of precision engineering.

In recent years, the German automotive landscape has been undergoing a transformation, with a noticeable shift towards electric mobility and sustainable practices. Traditional inte