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Gentherm Inc. (Formerly Amerigon Inc.)
Company Profile
Business Overview
-The Company is a global leader of thermal management and pneumatic comfort technologies for the automotive industry.
-The Company’s operations are organized into two reportable segments: Automotive and Medical. The Automotive segment’s customers primarily consist of light vehicle OEMs and Tier 1 automotive suppliers. Its products include climate control seats, seat heaters, steering wheel heaters, armrests heaters, battery performance solutions, automotive cables, lumbar and massage comfort solutions through pneumatic lifting elements, 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, 2025.
-On January 29, 2026, the Company and Modine entered into a definitive agreement whereby Modine will spin-off and simultaneously combine its Performance Technologies business with the Company in a Reverse Morris Trust (RMT) transaction. Modine Performance Technologies is a leading provider of highly engineered thermal management solutions, using both air-cooled and liquid-cooled technologies. Modine Performance Technologies, which is expected to operate as a division of the Company, will retain its brand name, which the Company will acquire as part of the transaction. The remaining Modine entity will retain its Climate Solutions businesses, creating a pure-play climate solutions company focused on the high-growth data center and commercial HVAC and refrigeration end markets. Current Modine shareholders will receive approximately 21 million shares of newly issued Company common stock in the transaction, worth approximately USD 790 million, which will result in Company shareholders owning approximately 60% of the combined company and Modine shareholders owning 40%. Prior to the spin-off, Modine is expected to receive a cash distribution of USD 210 million from SpinCo. The RMT transaction is expected to close in Q4 2026 subject to receipt of Company shareholder approval and completion of SpinCo financing. (Company press release on January 29, 2026)
Shareholders
-The Company is listed on the NASDAQ Global Select Market.
Products
Climate Controlled Seat (CCS)
-CCS Heat – Heated seating systems
-CCS Vent – Seat ventilation systems
-CCS Active Cool – Seat integrated localized active cooling systems
-CCS Neck Conditioner
Climate Controlled Interior (CCI)
-CCI Interior Heat - Customizable surface heating systems for interior components such as door panels, armrests, contact points and non-contact points
-CCI Steering Wheel Heat - Heated steering wheels
-Heated and cooled cup holders
-Thermal storage bins
-Window demister
-CCI Footwell Heater for localized footwell heating and ventilation
Pneumatic Controlled Seat (PCS)
-Pneumatic Lumbar Support
-Pneumatic Massage
-Puls.A massage system utilizing micro air pressure bursts
Electronics and cables
-Electronic controllers
-Wiring harnesses
-Cables
-Blowers
-Battery connect boards
-Intelligent Positioning System (IPS)
-Thermal electronics control units
-Memory seat modules
-PilotSense Hands-On Detection system
-Electronic steering wheel adjustment system
-Flex electronics for EV battery
-Transmission range control module
-Intelligent suspension control system
Fluid and valve systems
-Actuators
-Passive and active thermal management valves
-Crank case ventilation valves
-Non-return valves
-Mechanical switching valves
-Servo assistance valves
-Fuel limit vent valves
-Roll over valves
-Drain valves
-Electric three-way valves
-Dry break valves
-Brake vacuum support valves
-Combination valves
-Inlet check valves
-Pressure check valves
-Sensor valves
-Switch valves
WellSense – software-defined system to enhance in-cabin consumer comfort and wellness
-WellSense software development kit
Battery performance solutions
-Battery monitoring system
-Battery thermal management system
-Battery heating
-Battery air cooling
-Battery management system
-48V battery integration
-Cable-based cell connecting systems
-Foil-based cell connecting systems using flexible foil conductors
-Frameless foil conductor cell connecting systems
-Heat recovery
-Thermoelectric cooling and heating for mild hybrids
ClimateSense scalable intelligent microclimate comfort solution
-ClimateSense Intelligence software and algorithms
-ClimateSense Effector hardware
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. |
| Jan. 2026 | Announced agreement with Modine to acquire Modine Performance Technologies business through a Reverse Morris Trust transaction |
Supplemental Information 1
>>>Business Reports up until FY ended Dec. 31, 2011 (W.E.T. Automotive Systems)
>>>Business Report FY ended Dec. 31, 2013
>>>Business Report FY ended Dec. 31, 2014
>>>Business Report FY ended Dec. 31, 2021
>>>Business Report FY ended Dec. 31, 2022
>>>Business Report FY ended Dec. 31, 2023
>>>Business Report FY ended Dec. 31, 2024
Archives of Past Exhibits
>>>Gentherm Incorporated Investor Relations
Note: A figure in brackets ( ) indicates a loss
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