Climate by Design International (CDI)
2025
Why
Dehumidification technology and air handlers.
Modine Manufacturing Company
Thermal ManagementFounded 1916- HQ today: Racine, Wisconsin, United States
Reviewed by Swet Parvadiya
Company data updated: October 2026
Acquisitions
Modine Acquisitions
5
Major Deals Covered
What are Modine's biggest acquisitions?
This page covers 5 major deals from 1990 to 2025, each with its price where disclosed and the reason behind it.
- Major deals covered
- 5
- First deal
- 1990
- Most recent
- 2025
| Company | Year | Price | Purpose |
|---|---|---|---|
| Längerer & Reich | 1990 | Undisclosed | Modine Manufacturing acquired Längerer & Reich in 1990. |
| Scott Springfield Manufacturing | 2024 | Undisclosed | Modine acquired Calgary-based Scott Springfield Manufacturing, a maker of custom air handling units, to expand its commercial HVAC and data center cooling offering in Climate Solutions. |
| Climate by Design International (CDI) | 2025 | Undisclosed | Dehumidification technology and air handlers. |
| L.B. White | 2025 | Undisclosed | Specialty heating solutions. |
| Napps Technology | 2023 | Undisclosed | Air- and water-cooled chillers. |
- What companies has Modine bought?
- Major acquisitions by Modine documented here include Climate by Design International (CDI) (2025), L.B. White (2025), Scott Springfield Manufacturing (2024), Napps Technology (2023) and Längerer & Reich (1990).
- What is Modine's most recent acquisition?
- The most recent Modine acquisition documented here is Climate by Design International (CDI), in 2025.
L.B. White
2025
Why
Specialty heating solutions.
Scott Springfield Manufacturing
2024
Why
Modine acquired Calgary-based Scott Springfield Manufacturing, a maker of custom air handling units, to expand its commercial HVAC and data center cooling offering in Climate Solutions.
Impact
The deal added air-handling products and North American manufacturing capacity for data center and commercial building customers.
Outcome
Scott Springfield is part of Modine's Climate Solutions segment.
Napps Technology
2023
Why
Air- and water-cooled chillers.
Längerer & Reich
1990
Why
Modine Manufacturing acquired Längerer & Reich in 1990.
Modine Manufacturing Company's Growth & Acquisition Strategy
Modine's growth plan centers on data center cooling, where it expects fiscal 2027 sales to grow 60% to 80% after reaching about $1.1 billion in fiscal 2026. It is adding production capacity, expanding liquid-cooling products such as coolant distribution units, and buying HVAC businesses that broaden its commercial offering. The 80/20 framework is used to drop low-margin products, and separating Performance Technologies lets management put capital into the faster-growing Climate Solutions side.
How Modine Manufacturing Company Makes Money
Modine sells engineered thermal-management equipment to businesses, not consumers. In fiscal 2026 (ended March 31, 2026) it reported through two segments. Climate Solutions, which grew about 43% in the year, covers data center cooling (chillers, computer-room air handlers, fan walls and coolant distribution units sold under brands such as Airedale), commercial HVAC and ventilation (including Scott Springfield air handlers), refrigeration and heat-transfer coils. Performance Technologies supplies radiators, charge-air coolers, battery thermal systems and other components to commercial-vehicle, off-highway and industrial OEMs. Revenue comes from equipment and component sales, often under multi-year programs with OEMs and hyperscale data center customers, plus aftermarket parts. After the planned October 1, 2026 spinoff of Performance Technologies into Gentherm, the remaining company is a Climate Solutions business focused on data centers, HVAC and refrigeration.
Modine Acquisitions FAQ
What was the strategic acquisition of Scott Springfield Manufacturing in 2024?
In February 2024, Modine acquired Calgary-based Scott Springfield Manufacturing for $190 million in cash. Scott Springfield is a premier manufacturer of custom air handling units (AHUs) for hyperscale data centers, telecommunications, and healthcare facilities, instantly expanding Modine's data center capacity in North America.
Why was the 2005 acquisition of Airedale International a defining moment for Modine?
In 2005, Modine acquired British precision air conditioning and chiller specialist Airedale International (founded in Leeds in 1974). Airedale provided Modine with high-quality engineering in data center chillers, precision computer room cooling, and building management software, forming the core of its multi-billion-dollar data center growth.
What was the acquisition of Napps Technology in 2023?
In 2023, Modine acquired Texas-based Napps Technology, a manufacturer of high-efficiency air-cooled and water-cooled chillers and heat pumps, expanding Modine's commercial HVAC and data center chiller product lines across the southern United States.
What was the acquisition of TMG Core liquid cooling assets in 2024?
In early 2024, Modine acquired specialized intellectual property and manufacturing assets from immersion cooling innovator TMG Core, expanding Modine's research in two-phase immersion cooling and direct-to-chip coolant distribution for next-generation AI data centers.
What was the acquisition of Barkell Ltd in the United Kingdom in 2014?
In 2014, Modine's Airedale subsidiary acquired UK-based custom air handling unit manufacturer Barkell Ltd, expanding its British footprint in energy-efficient commercial ventilation and hospital cleanroom HVAC systems.
What was the acquisition of Luvata's Heat Transfer Solutions division in 2016?
In 2016, Modine acquired Luvata Heat Transfer Solutions for $422 million, significantly broadening its global production of commercial refrigeration coils, industrial coatings (ElectroFin corrosion protection), and heat exchanger coils across North America, Europe, and Asia.
How does Modine integrate acquired companies into its 80/20 operating system?
Upon completing an acquisition, Modine immediately applies its 80/20 playbook: streamlining overlapping product lines, eliminating low-margin SKUs, standardizing procurement with Modine's global metal sourcing, and cross-selling data center products across combined sales channels.
What is Modine's future M&A strategy under CEO Neil Brinker?
Modine's M&A strategy focuses on disciplined, high-return bolt-on acquisitions in thermal technologies: liquid cooling distribution, specialized data center chillers, indoor air quality systems, and advanced low-GWP heat pumps.
Why was the 2005 acquisition of Airedale International so transformative for Modine?
In 2005, Modine acquired UK-based precision cooling manufacturer Airedale International Air Conditioning. While initially viewed as a modest regional European HVAC acquisition, Airedale's specialized precision engineering and controls software became the technological backbone for Modine's entire global data center liquid cooling business two decades later.
What did Modine gain by acquiring Scott Springfield Mfg. in 2024?
In early 2024, Modine acquired Scott Springfield Mfg., a leading Canadian manufacturer of custom air handling units, for approximately $190 million. The acquisition immediately tripled Modine's custom air handling capacity, added premier colocation and hyperscale customers, and strengthened its position across North American data center buildouts.
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