Gentherm Completes Sale of Cincinnati Sub-Zero Industrial Test Chambers Business
01 Febrero 2019 - 7:00AM
Gentherm (NASDAQ: THRM), the global market leader and developer of
innovative thermal management technologies, today announced the
completion of the sale of its Cincinnati Sub-Zero Industrial Test
Chamber business to Weiss Technik North America, Inc. for total
cash proceeds of $47.5 million.
Gentherm announced the company’s intent to divest its industrial
chambers business as part of its focused growth strategy in June of
2018.
Weiss Technik North America, Inc., based in Grand Rapids,
Michigan, is an industry leader in the design, manufacture, and
modification of environmental test chambers. The company is a
member of the Weiss Technik group of companies, a division of
the Schunk Group headquartered in Heuchelheim, Germany.
Investor Contact Yijing Brentano
investors@gentherm.com 248.308.1702
Media Contact Melissa Fischer
media@gentherm.com 248.289.9702
About Gentherm Gentherm (NASDAQ:THRM)
is a global developer and marketer of innovative thermal management
technologies for a broad range of heating and cooling and
temperature control applications. Automotive products include
variable temperature Climate Control Seats, heated automotive
interior systems (including heated seats, steering wheels, armrests
and other components), battery thermal management systems, cable
systems and other electronic devices. Medical products include
patient temperature management systems. The Company is also
developing a number of new technologies and products that will help
enable improvements to existing products and to create new product
applications for existing and new markets. Gentherm has
over 13,000 employees in facilities in the United States,
Germany, Canada, China, Hungary, Japan,
Korea, Macedonia, Malta, Mexico, United
Kingdom, Ukraine, and Vietnam. For more information, go
to www.gentherm.com.
Gentherm (NASDAQ:THRM)
Gráfica de Acción Histórica
De Sep 2024 a Oct 2024
Gentherm (NASDAQ:THRM)
Gráfica de Acción Histórica
De Oct 2023 a Oct 2024