M&A Deal Summary

Modine Manufacturing Acquires Luvata Heat Transfer Solutions

On September 6, 2016, Modine Manufacturing acquired electrical equipment company Luvata Heat Transfer Solutions for 422M USD

Acquisition Highlights
  • This is Modine Manufacturing’s 1st transaction in the Electrical Equipment sector.
  • This is Modine Manufacturing’s largest (disclosed) transaction.
  • This is Modine Manufacturing’s 1st transaction in China.

M&A Deal Summary
Date 2016-09-06
Target Luvata Heat Transfer Solutions
Sector Electrical Equipment
Buyer(s) Modine Manufacturing
Deal Type Add-on Acquisition
Deal Value 422M USD

Target

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.

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Buyer(S) 1

Buyer

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 3
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 3
Country (China) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 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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