Brief: Modine Acquires Scott Springfield Manufacturing

Modine Manufacturing

26/02/2024 13:35

Feb 26 (Reuters) - Modine Manufacturing Co  MOD.N :
    * MODINE ACQUIRES SCOTT SPRINGFIELD MANUFACTURING, GAINING
AIR
HANDLING UNIT OFFERING FOR STRATEGIC DATA CENTER AND INDOOR AIR
QUALITY MARKETS
    * MODINE MANUFACTURING CO - ENTERED INTO A DEFINITIVE
AGREEMENT TO
ACQUIRE SCOTT SPRINGFIELD MANUFACTURING, A LEADING MANUFACTURER
OF AIR HANDLING UNITS
    * MODINE MANUFACTURING CO: TOTAL CONSIDERATION FOR
TRANSACTION IS
BASED ON ENTERPRISE VALUE OF ABOUT $190 MILLION
    * MODINE MANUFACTURING: TRANSACTION WILL BE FINANCED THROUGH
COMBINATION OF CASH & DEBT & CONSIDERATION WILL BE PAID IN CAD
DOLLARS

Source text for Eikon:  ID:nPn1chWtna 
Further company coverage:  MOD.N 

 ((Reuters.Briefs@thomsonreuters.com;))