Modine will become Modexus Solutions after completing the spinoff of its Performance Technologies business and merger with Gentherm.
Under applicable law, the name change will be subject to approval by Modine's shareholders.
Once effective, Modexus Solutions will trade on the New York Stock Exchange under Modine's current ticker symbol, "MOD."
The new name reflects the company's position as a diversified thermal management company serving high-growth markets, including data centre cooling, commercial HVAC and refrigeration.
The Modexus Solutions name was selected to carry forward Modine's century-long heritage while underscoring the company's leadership in innovative, connected thermal systems and solutions.
Modine president & CEO, Neil D. Brinker, said Modexus Solutions captures who they are: a company that combines deep thermal management expertise with the innovation and agility required to help customers solve increasingly complex challenges.
"Through our 80/20 framework, we will continue to evolve our portfolio of products toward fit-for-purpose systems that maximize performance and reduce resource usage," he said.
The transaction, which was overwhelmingly approved by Gentherm shareholders at a special meeting held on September 10, 2026, is currently expected to close on October 1, 2026, subject to the satisfaction or waiver of customary closing conditions.
Upon closing, Modexus Solutions will continue to be led by Neil D. Brinker and Michael (Mick) Lucareli as CEO and CFO, respectively, and the current Board of Directors.
"We believe this transaction will create two stronger companies, each better positioned to serve its end markets, accelerate growth and drive long-term value for shareholders, customers and employees," Brinker said.
The company expects to call a special meeting of stockholders to vote on the proposed name change within three months following the closing of the transaction.