PE-backed Global Thermoelectric acquired by Gentherm
Global Thermoelectric Inc, a Calgary-based provider of industrial thermoelectric generator systems and remote power generation, has been purchased by Gentherm Inc (NASDAQ-GS: THRM). The acquisition price was not published. The seller was U.S. private equity firm Rockwood Equity Partners and senior managers of Global Thermoelectric, which partnered in a $22.75 million corporate carve-out transaction in 2004. With headquarters in Northville, Michigan, Gentherm is a developer and marketer of innovative thermal management technologies.
2 April 2014•3 mins read
