Gentherm Inc - Ordinary Shares - Class A

NASDAQ:THRM   11:21:41 AM EDT
67.27
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Debt Financing / Related, Divestitures / Spin-offs, Earnings Announcements

Gentherm To Acquire Alfmeier's Automotive Business

Published: 05/04/2022 09:10 GMT
Gentherm Inc - Ordinary Shares - Class A (THRM) - Gentherm to Acquire Alfmeier's Automotive Business, an Innovative Market Leader in Automotive Lumbar and Massage Comfort Solutions.
Under Terms of Transaction, Gentherm Will Acquire Alfmeier for EUR 177.5 Million in Cash.
Transaction Will Be Funded Through a Combination of Gentherm's Existing Cash Balances and Revolving Credit Facility.
In Addition to Revenue Synergies, Company Expects to Achieve Approximately $10 Million in Annual Run-rate Cost Savings.
Revenue is expected to be $256.11 Million
Adjusted EPS is expected to be $0.43

Next Quarter Revenue Guidance is expected to be $304 Million
Next Quarter EPS Guidance is expected to be $0.87

More details on our Analysts Page.