Auto Parts M&A » By The Online Investor Staff, updated Thu., Apr. 18, 3:49 AM
Recent mergers and acquisitions in the Auto Parts M&A category.
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Slide #6. Gentherm — Global Thermoelectric Inc.
Acquirer:
Gentherm (NASDAQ:THRM)
Acquiree:
Global Thermoelectric Inc.
Details:
Gentherm (NASDAQ-GS:THRM), the global market leader and developer of innovative thermal management technologies, announced today that it has acquired all the stock of privately-held Global Thermoelectric Inc. (GTE), in an all-cash transaction. Based in Calgary, GTE is the world's market leader in industrial thermoelectric generator systems and remote power generation. Specializing in high reliability systems for remote industrial applications, GTE's 2013 revenues were approximately $34 million. Additional terms of the transaction were not disclosed.
Gentherm is a developer, manufacturer and marketer of thermal management technologies for a range of heating and cooling and temperature control applications. Co. has two segments: Automotive, which is comprised of its global automotive businesses, including the design, development, manufacturing and sales of automotive climate comfort systems, automotive cable systems, battery performance solutions, and automotive electronic and software systems; and Medical, which includes its patient temperature management business in the medical industry, addressing the needs of hyper-hypothermia therapy in intensive care, normothermia in surgical procedures and additional warming/cooling therapies.
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Avg. Broker Rec.
 
|
Buy (2.67 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: THRM Stock Forecast Based on Zacks ABR data; powered by Xignite |
