Modine Announces Agreement to Acquire AbsolutAire
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Modine (NYSE: MOD) has announced a definitive agreement to acquire AbsolutAire, a manufacturer of direct-fired heating, ventilation, and make-up air systems. This acquisition will complement Modine's existing Heating and Indoor Air Quality businesses.
March 11, 2025 | 8:30 pm
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Modine has announced an agreement to acquire AbsolutAire, which will enhance its Heating and Indoor Air Quality business. This strategic acquisition is expected to strengthen Modine's market position in the HVAC sector.
The acquisition of AbsolutAire is a strategic move for Modine, as it complements their existing business in Heating and Indoor Air Quality. This could lead to increased market share and revenue growth, positively impacting Modine's stock price in the short term.
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