Gentherm Completes Acquisition of Alfmeier's Automotive Business
NORTHVILLE, Mich., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry, today announced that it has completed the acquisition of the automotive business of Alfmeier Präzision SE ("Alfmeier"). 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. The acquisition further expands Gentherm's current value proposition beyond thermal in comfort, health, wellness, and energy efficiency. "This
