Pérez-Llorca México represents Gentherm on Mexican law aspects of US$1B Modine deal
Pérez-Llorca México has advised Gentherm, a global market leader in thermal management and pneumatic comfort technologies, on the Mexican law aspects of its announced business combination with Modine’s performance technologies business.
Under the transaction, Modine, a diversified global provider of thermal management technologies and solutions, will spin off its performance technologies division and simultaneously combine it with Gentherm.
The deal values the transaction at approximately US$1.0 billion. On a pro forma basis, the combined company is expected to generate revenues of around US$2.6 billion. The transaction is expected to close in the fourth quarter of calendar year 2026, subject to customary closing conditions and regulatory approvals.
The Pérez-Llorca México team advising on the transaction is led by M&A partner Rodrigo Rojas Robleda (pictured), with senior associate Alejandro Ruenes Mata and associate María José Sánchez Aldana.
The multidisciplinary team also includes Mercedes Maldonado Gracia (Corporate); Enrique Muñoz Guízar and Ana Gabriela Suárez López (Environment); Félix Ponce-Nava Cortés and Regina Jordán Álvarez (Foreign Trade and Customs); Alberto Pliego Beguerisse and Lirio Salgado Ramos (Intellectual Property); and Luis Enrique Cervantes Estévez and Vanessa Flores Rojas (Labor and Social Security).
Several international firms are also involved in advising the parties. Honigman, Lefosse, Haiwen, Latham & Watkins, Lakatos, JSA, AKD, Kim & Chang, and Gibson Dunn are acting as counsel across multiple jurisdictions, with Gibson Dunn advising Modine in the United States. Further details on the transaction are available through Gentherm’s investor relations announcement.
