Gentherm To Acquire Alfmeier’S Automotive Business, An Innovative Market Leader In Automotive Lumbar And Massage Comfort Solutions
Gentherm To Acquire Alfmeier’S Automotive Business, An Innovative Market Leader In Automotive Lumbar And Massage Comfort Solutions
05/04/22, 9:02 AM
Location
Industry
transportation
manufacturing
software
Gentherm (NASDAQ:THRM), a global market leader of innovative thermal management technologies, announced today that it has entered into a definitive purchase agreement to acquire the automotive business of Alfmeier Präzision SE (“Alfmeier”).
Company Info
Location
Northville, Michigan, United States
Company info
Gentherm (NASDAQ: THRM) is the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems. Automotive products include variable temperature Climate Control Seats, heated automotive interior systems (including heated seats, steering wheels, armrests and other components), battery performance solutions, cable systems, lumbar and massage comfort solutions, valve system technologies, and other electronic devices. Medical products include patient temperature management systems. The Company is also developing a number of new technologies and products that will help enable improvements to existing products and to create new product applications for existing and new markets. Gentherm has more than 14,000 employees in facilities in the United States, Germany, China, Czech Republic, Hungary, Japan, Malta, Mexico, Morocco, North Macedonia, South Korea, United Kingdom, Ukraine, and Vietnam.