Gentherm (THRM) Acquires Alfmeier’s Automotive Business
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Gentherm to Acquire Alfmeier’s Automotive Business, An Innovative Market Leader in Automotive Lumbar and Massage Comfort Solutions
May 4, 2022 5:00 AM EDTNORTHVILLE, Mich., May 04, 2022 (GLOBE NEWSWIRE) -- 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). Â
Alfmeier, headquartered in Treuchtlingen, Germany, is an innovative market leader in automotive lumbar and massage comfort solutions, with deep expertise in advanced valve system technologies, integrated electronics and software. Alfmeier pioneered the use of Shape Memory Alloy (SMA) valve and pump technology for automotive seats, and continues to be an industry leader in... More
