Regent completed the acquisition of the three automotive businesses in Germany of Modine Manufacturing Company.

Regent, a private equity firm, completed the acquisition of the three automotive businesses in Germany of Modine Manufacturing Company, a manufacturer of heat transfer and heat-storage technology products. Financial terms were not disclosed. "The sale of these businesses is in line with our strategy to focus our resources on high-margin technologies with strong growth drivers. These businesses produce and service non-strategic parts for internal combustion diesel and gasoline engines in the European automotive market. Coming on the heels of Modine's acquisition of Napps Technology, the divestiture of these businesses represents our continued commitment to focus on innovative, engineered solutions that help us achieve our long-term margin targets and furthers our purpose of engineering a cleaner, healthier world," Neil Brinker, Modine President and Chief Executive Officer.