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Gentherm has finalized the closing of transactions with Modine and SpinCo, alongside entering into several key agreements. These include tax, employee, intellectual property, transition services, and trademark agreements designed to manage the separation and integration processes and allocate risks and responsibilities
Modine has completed the separation of its Performance Technologies business and its merger with Gentherm. Ancillary agreements, including Tax Matters and Employee Matters agreements, have been executed to allocate post-transaction obligations.