M&A Deal Summary

Gentherm Acquires Cincinnati Sub-Zero Products

On March 31, 2016, Gentherm acquired manufacturer Cincinnati Sub-Zero Products

Acquisition Highlights
  • This is Gentherm’s 1st transaction in the Manufacturing sector.
  • This is Gentherm’s 1st transaction in the United States.
  • This is Gentherm’s 1st transaction in Ohio.

M&A Deal Summary
Date 2016-03-31
Target Cincinnati Sub-Zero Products
Sector Manufacturing
Buyer(s) Gentherm
Deal Type Add-on Acquisition

Target

Cincinnati Sub-Zero Products

Cincinnati, Ohio, United States
Cincinnati Sub-Zero Products, Inc. is a manufacturer of quality patient temperature systems for the health care industry and custom environmental test chambers used by a wide range of industrial manufacturing companies for product testing.

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Buyer(S) 1

Buyer

Gentherm

Northville, Michigan, United States
Category Company
Founded 1991
Sector Automotive
Employees14,000
Revenue 1.5B USD (2023)
DESCRIPTION
Gentherm's corporate headquarters in Northville, Michigan.
Gentherm's corporate headquarters in Northville, Michigan.

Gentherm develops, manufactures and markets proprietary high-technology products for the automotive and consumer products industries. Gentherm's products include the climate control seat which enhances individual driver and passenger comfort. Gentherm was formed in 1991 and is based in Northville, Michigan.

DEAL STATS #
Overall 2 of 4
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Global Thermoelectric

Calgary, Alberta, Canada

Global Thermoelectric is a designer and manufacturer of thermoelectric generators. Global Thermoelectric was formed in 1975 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Etratech Enterprises

Burlington, Ontario, Canada

Etratech Enterprises, Inc. is a designer and manufacturer of custom electronic and electromechanical control systems, offering high-quality, low-cost solutions to multinational clients in the automotive, appliance, HVAC, recreational vehicle (RV), and marine industries. Etratech Enterprises, Inc. was established in 1989 and is based in Burlington, Ontario.

Buy $64M
Mergr

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