Gentherm Inc. (Formerly Amerigon Inc.)

Company Profile

■URL

https://gentherm.com/en/

■Address

21680 Haggerty Road, Northville, MI 48167, USA

Business Overview

-The Company is a global leader of thermal management and pneumatic comfort technologies for the automotive industry.

-The Company’s customers in the automotive industry include passenger car OEMs and Tier 1 suppliers, including automotive seat manufacturers.

-The Automotive Division’s products include climate control seats, seat heaters, steering wheel heaters, armrests heaters, battery performance solutions, automotive cables, lumbar and massage comfort solutions, valve system technologies, and electronic and software systems.

-The Company’s Automotive segment represented 97% of its total revenues for the fiscal year ended December 31, 2023.

Shareholders

-The Company is listed on the NASDAQ Global Select Market.

Products

Automotive
Climate controlled seat (CCS)
-Heated seating systems
-Climate controlled seating systems; ventilation, cooling, and heating
-Neck conditioner

Interior Comfort
-Heated interiors
-Heated steering wheels
-Heated and cooled cup holders
-Heated doors
-Heated armrests
-Thermal storage bins
-Window demister
-Heated surfaces
-Footwell Conditioner

Pneumatic controlled seat (PCS)
-Pneumatic Lumbar Support
-Pneumatic Massage
-Puls.A

Electronics
-Electronic controllers
-Wiring harnesses
-Cables
-Blowers
-Battery connect boards
-Intelligent Positioning System (IPS)
-Thermal electronics control units
-Power and memory seat module
-PilotSense or Hands-on detection ECU
-Electronic steering wheel adjustment system
-Flex electronics for EV battery
-Transmission range control module
-Intelligent suspension control system

Fluid Systems

WellSense
-Software

Battery Performance Solutions
-Battery monitor system
-Battery thermal management system
-Battery heating
-Battery air cooling
-Battery management system
-48V battery integration
-Heat recovery
-Cell connecting systems
-Thermoelectric battery thermal management

ClimateSense
-ClimateSense Intelligence software
-ClimateSense Effectors

History

1991 The Company was founded as Amerigon in California.
1993 Issued first IPO.
1999 Introduced first climate controlled seat.
2003 Opened a manufacturing plant in China.
2004 Opened a manufacturing plant in Ukraine.
2005 Moved headquarters from California to Michigan.
2008 Acquired Comair Rotron Shanghai, a manufacturer of air-moving solutions such as fans and blowers.
2011 Acquired majority ownership of W.E.T. Automotive Systems, a manufacturer of thermal comfort solutions.
2012 Changed name to Gentherm.
2013 Registered squeeze-out transaction of W.E.T. which led to full ownership and control of W.E.T.
2015 Established new production facility in central Mexico.
2017 Acquired Etratech Enterprises
2022 Acquired Alfmeier Präzision SE (Alfmeier), a manufacturer of automotive lumbar and massage comfort solutions.

Supplemental Information 1