Modine Manufacturing Company acquired Intellectual Property and Other Specific Assets of TMGcore, Inc. $12 million.
Modine Manufacturing Company (NYSE:MOD) completed the acquisition of Intellectual Property and Other Specific Assets of TMGcore, Inc. of $12 million on January 2, 2024. The initial purchase price of the assets was $12 million. Additional contingent consideration may be payable to the seller in fiscal 2029. The amount of any additional consideration is dependent upon future financial metrics associated with the acquired technology.