Auto Parts M&A » By The Online Investor Staff, updated Fri., Apr. 19, 3:16 AM
Recent mergers and acquisitions in the Auto Parts M&A category.
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Slide #9. Modine Manufacturing Company — Barkell Limited
Acquirer:
Modine Manufacturing Company (NYSE:MOD)
Acquiree:
Barkell Limited
Details:
Modine Manufacturing Company (NYSE:MOD), a diversified global leader in thermal management technology and solutions, announced today that its U.K. subsidiary, Airedale International Air Conditioning Limited, has acquired the shares of privately-held Barkell Limited, a manufacturer of custom built air handling units located in Consett (County Durham), United Kingdom. This acquisition will provide Modine with an expanded product offering into the air handling segment, further extending its overall business offering to the HVAC markets. The terms of the deal were not disclosed.
Modine Manufacturing engages in providing thermal management products and solutions to global markets and customers in an array of commercial, industrial, and building heating, ventilating, air conditioning, and refrigeration (HVAC&R) markets. In addition, Co. is a provider of heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer vehicular applications. Co.'s segments are: Climate Solutions, which sells HVAC & refrigeration products, and data center cooling solutions; and Performance Technologies, which designs and manufactures air- and liquid-cooled technology for vehicular, stationary power, and industrial applications.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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