Modine, a diversified global leader in innovative thermal management technology and solutions, has entered into a definitive agreement to acquire AbsolutAire, a manufacturer of direct-fired heating, ventilation, and make-up air systems.
“Acquiring AbsolutAire aligns with our strategy to expand our technology portfolio with differentiated solutions to capture opportunities in markets with strong tailwinds,” said Neil Brinker, President and Chief Executive Officer of Modine. “Through this acquisition, we gain another top-tier HVAC offering to serve customers demanding fit-for-purpose and sustainable air management systems.”
Modine is dedicated to Engineering a Cleaner, Healthier World. With over 100 years of excellence in thermal management, it offers reliable systems and solutions that enhance air quality and conserve natural resources. Its team of more than 11,000 employees is spread across the globe, providing the solutions that customers need wherever they are.
AbsolutAire is based in Michigan with 2024 revenue of approximately $25 million. Their direct-fired heating, ventilation, and make-up air systems enable Modine to offer a more comprehensive suite of high-performance air quality solutions. The acquisition, which will be integrated into Modine’s Heating & Schools IAQ product group within the Climate Solutions segment, also gives Modine access to a broader customer base in commercial, industrial, food service, and warehousing applications. These sectors present significant growth opportunities, driven by increasingly stringent HVAC and air quality management requirements.
The Climate Solutions and Performance Technologies segments contribute to Modine’s mission by improving air quality, reducing energy and water consumption, lowering harmful emissions, and enabling cleaner-running vehicles and environmentally friendly refrigerants. Modine is a global company headquartered in Racine, Wisconsin (U.S.), with operations in North America, South America, Europe, and Asia.
