M&A Deal Summary

Dana Acquires Modine Manufacturing - Light-Vehicle Thermal Business

On November 2, 2020, Dana acquired automotive company Modine Manufacturing - Light-Vehicle Thermal Business from Modine Manufacturing

Acquisition Highlights
  • This is Dana’s 5th transaction in the Automotive sector.
  • This is Dana’s 4th transaction in the United States.
  • This is Dana’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2020-11-02
Target Modine Manufacturing - Light-Vehicle Thermal Business
Sector Automotive
Buyer(s) Dana
Sellers(s) Modine Manufacturing
Deal Type Divestiture

Target

Modine Manufacturing - Light-Vehicle Thermal Business

Racine, Wisconsin, United States
Modine Manufacturing Co.'s Light-Vehicle Thermal Business manufactures automotive products in Racine, Wisconsin.

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Buyer(S) 1

Buyer

Dana

Maumee, Ohio, United States
Category Company
Founded 1904
Sector Automotive
Employees42,000
Revenue 10.6B USD (2023)
DESCRIPTION
Entrance to Dana's corporate headquarters in Maumee, Ohio.
Entrance to Dana's corporate headquarters in Maumee, Ohio.

Dana is a global provider of high technology driveline (axles, driveshafts and transmissions), sealing and thermal-management products. The Company's customer base includes virtually every major vehicle manufacturer in the global light vehicle, medium/heavy vehicle and off-highway markets. Dana was incorporated 1904 and is based in Maumee, Ohio.

DEAL STATS #
Overall 8 of 8
Sector (Automotive) 5 of 5
Type (Divestiture) 4 of 4
State (Wisconsin) 1 of 1
Country (United States) 4 of 4
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Pi Innovo

Plymouth, Michigan, United States

Pi Innovo LLC is a provider in embedded software solutions and electronics control units for the light vehicle, commercial vehicle, and off-highway markets. Pi Innovo was established in 2011 and is based in Plymouth, Michigan.

Buy -

Seller(S) 1

SELLER

Modine Manufacturing

Racine, Wisconsin, United States
Category Company
Founded 1916
Sector Electrical Equipment
Revenue 1.4B USD (2016)
DESCRIPTION

Modine Manufacturing Co. is specializes in thermal management systems and components. Modine products are used in light, medium and heavy-duty vehicles, heating, ventilation and air conditioning equipment, off-highway and industrial equipment and refrigeration systems.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Luvata Heat Transfer Solutions

Zhongshan City, China

Luvata Heat Transfer Solutions is a manufacturer of commercial and industrial coils, coolers and related products, primarily for the HVAC&R markets. Luvata HTS's product offering covers a broad range of heat exchanger coils, commercial refrigeration and industrial coolers, complemented by anti-corrosion coating solutions.

Buy $422M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 Napps Technology

Longview, Texas, United States

Napps Technology is a manufacturer of air- and water-cooled chillers, condensing units and heat pumps for the K-12 school market and other similar applications. Napps Technology is based in Longview, Texas.

Buy -
Mergr

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