Announced
Financials
Sources
Tags
Friendly
valve system
Germany
Private
Single Bidder
Cross Border
Pending
technology solutions
Acquisition
Majority
Software
Synopsis
Gentherm, an innovative thermal management technologies company, agreed to acquire Automotive business from Alfmeier, an automotive lumbar and massage comfort solutions provider, for $187m. “I am excited to see the combination of two unique system design companies with integrated hardware and intelligent software. Alfmeier, as part of Gentherm, will be able to deliver a superb passenger experience through highly cost-efficient systems at a much larger scale. Automakers around the world will benefit from the innovative culture of both companies with integrated market-leading thermal and physical comfort solutions,” Andreas Gebhardt, Alfmeier CEO.
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