- In 2023, Modine Manufacturing Company sold three German-based automotive businesses to Regent LP affiliates. These facilities produced internal combustion engine components, including charge air cooler modules. The divestiture aligns with Modine’s strategy to focus on high-margin, innovative technologies with strong growth potential
- In 2022, Conflux Technology launched its first water-based 3D-printed automotive charge air cooler at an international exhibition. This innovation enhances cooling efficiency, reduces weight, and improves vehicle performance. The launch marks the company’s entry into the automotive sector, leveraging its 3D printing expertise for advanced thermal management
- In July 2020, MAHLE GmbH acquired Behr Hella Service to strengthen its aftermarket product portfolio. The company will independently manage Behr Hella Service’s thermal management business. This acquisition aligns MAHLE’s aftermarket strategy with its expertise in original equipment, particularly in lighting and electronics
- In November 2020, Dana Incorporated agreed to acquire part of Modine Manufacturing’s thermal management business for USD 1, assuming certain financial liabilities. The acquisition enhances Dana’s portfolio with chillers, water-charged air coolers, and exhaust-gas recirculation. It includes eight major facilities across China, Germany, Hungary, Italy, the Netherlands, and the US
- In March 2021, Hanon Systems began constructing its fifth plant in Korea. The facility, spanning approximately 33,000 square meters, aims to expand the company’s production capacity. This investment reinforces Hanon Systems’ commitment to growth in thermal management solutions
