Gentherm

What Gentherm does

Gentherm Incorporated (NASDAQ: THRM) is a global developer and manufacturer of advanced thermal management, pneumatic comfort, and fluid systems technologies, serving automotive OEMs and tier-1 suppliers, medical device markets, and an emerging home and office furniture vertical. The company was founded in 1961 as W.E.T. (Waltham Engineering and Tooling), renamed Gentherm following a 2006 acquisition, and now operates a manufacturing and engineering footprint spanning 13 countries with approximately 12,000 employees.

The company's product portfolio is built on four core technology platforms—heating, cooling and ventilation, pneumatics, and valves—anchored by proprietary Shape Memory Alloy (SMA) valve technology and thermophysiology-based software. Flagship automotive products include the Climate Controlled Seat (CCS®), Climate Control Interior (CCI™), Pneumatic Controlled Seat (PCS™), and software solutions ClimateSense® and WellSense™ that orchestrate personalized microclimate and wellness experiences across vehicle passengers. The medical segment offers patient temperature management systems including Blanketrol® III, Norm-O-Temp®, WarmAir®, Astotherm® Plus, and the forthcoming ThermAffyx™ Patient Safety System (FDA 510(k) submitted February 2026), while the recently launched Home & Office vertical extends automotive-derived comfort technologies to furniture via a KUKA Home partnership in Asia.

Gentherm generates revenue primarily through B2B hardware sales to automotive OEMs and tier-1 suppliers under multi-year supply agreements tied to vehicle production volumes, with 2025 full-year product revenues reaching a record $1.5 billion and Q1 2026 revenue of $394 million (+11.3% YoY). The company secured $2.2 billion in new automotive business awards in 2025, including Ford F-Series and Mercedes-Benz platforms, and is pursuing a $1.0 billion Reverse Morris Trust combination with Modine's Performance Technologies business expected to close in Q4 2026, which would create a combined entity with $2.6 billion in pro forma revenue. The company went public on NASDAQ and maintains a low-leverage balance sheet with net leverage reduced to 0.2x as of Q4 2025.

Name

Gentherm

Legal name

Gentherm Inc.

Website

https://gentherm.com

Company type

Public

Founded year

1961

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Gentherm is a global developer of advanced thermal management, pneumatic comfort, and fluid systems technologies, serving automotive OEMs, medical device customers, and home/office furniture markets with proprietary SMA valve and thermophysiology-based software platforms.

Ownership category

akta.pro rank

Product category

Automotive Thermal Management & Comfort Systems

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580)

akta.pro primary industry

Automotive HVAC Modules & Integrated Climate Units (IMACALAA)

akta.pro secondary industries

Commercial Vehicle Cooling, HVAC & Thermal Management Manufacturing (IMACABAN), Automotive Coolant & Refrigerant Circuit Components (Pumps/Valves/Reservoirs/Expansion Devices) (IMACALAE)

Keywords

• Thermal management systems
• Pneumatic comfort technology
• Automotive climate control
• Patient warming devices
• Battery thermal management

Headquarters

HQ city

Northville

HQ country

United States

HQ region

North America

Offices25 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Automotive Thermal & Comfort Products: Gentherm generates the majority of its revenue from selling thermal management and pneumatic comfort products to automotive OEMs and tier-1 suppliers. Products include heated/cooled seats (Climate Controlled Seat, CCS®), climate control interiors (CCI™), pneumatic massage systems, battery thermal management solutions, and valve systems. Revenue is project-based with multi-year platform awards generating recurring revenue tied to vehicle production volumes. 2025 product revenues reached $1.5 billion.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Gentherm develops and manufactures advanced thermal management and pneumatic comfort technologies sold primarily to global automotive OEMs and tier-1 suppliers. The company produces heated/cooled seats, climate control interiors, pneumatic massage systems, battery thermal management solutions, and advanced valve systems, with growing medical and home/office segments. Its products are designed into specific vehicle platforms through long-term supply agreements tied to vehicle production volumes.

Product overview

Gentherm is a global leader in advanced thermal management, pneumatic comfort technologies, and fluid systems. The company's portfolio is organized around four core technology platforms (Heating, Cooling/Ventilation, Pneumatics, and Valves) that serve three industries: Mobility (automotive climate control seats, interiors, electronics), Medical (patient temperature management and warming systems), and Home & Office (comfort solutions). The automotive segment features branded solutions including Climate Controls Seat (CCS®), Climate Control Interior (CCI™), and Pneumatic Controlled Seat (PCS™), supported by software platforms like ClimateSense® (personalized microclimate) and WellSense™ (wellness-oriented comfort orchestration). The medical segment offers patient warming (Blanketrol® III, WarmAir®, Norm-O-Temp®, Astopad®, Temple Touch Pro®), localized therapy (Electri-Cool® II, Micro-Temp® LT), and blood/fluid temperature control (Astotherm® Plus, Astoflo® Plus Eco, Astodia®, Hemotherm® CE). The company leverages common technology foundations—Shape Memory Alloy valve technology, thermophysiology research, and integrated electronics—across segments to deliver comfort, safety, and wellness solutions.

Differentiator

Problem solved

Functional benefit

Brands

• WellSense™: Software-defined consumer experience portfolio delivering customized in-cabin comfort sensations promoting wellness and well-being, leveraging science-based physiology research
• ClimateSense®
• Puls.A™
• ComfortScale™
• ThermAffyx™
• Climate Control Seat (CCS®)
• Climate Control Interior (CCI™)

Products and services

• Heating Technologies Gentherm's heating technologies use conductive, convective and radiant methods to deliver advanced thermal solutions that enhance comfort, safety and performance across industries. Sold to automotive OEMs, tier-1 suppliers, medical device distributors, and furniture manufacturers.
• Cooling / Ventilation Technologies Gentherm's cooling and ventilation technologies provide intelligent airflow systems that optimize energy efficiency, comfort, and customer needs for vehicle occupants. Used by automotive OEMs and tier-1 suppliers.
• Pneumatic Comfort Systems Gentherm's pneumatic massage systems are powered by first-to-market Shape Memory Alloy (SMA) valve technology and deliver ultra-compact, energy-efficient comfort with scientifically optimized pulse patterns and lifelike massage experiences for wellness, recovery and relaxation. Sold to automotive OEMs, tier-1 suppliers, and home/office furniture partners.
• Advanced Valve Systems Gentherm's advanced valve systems feature Shape Memory Alloy (SMA) actuation and precision injection molding, delivering lightweight, modular and energy-efficient solutions for fuel management, engine control, braking performance and thermal regulation across conventional, hybrid and electric vehicles. Sold to automotive OEMs and tier-1 suppliers.
• Climate Controlled Seat (CCS®) Heated and ventilated seat system providing zonal heating with power boost for rapid warm-up, available in wire and carbon heating solutions for proven reliability and seamless OEM integration. Sold to automotive OEMs and tier-1 suppliers.
• Climate Control Interior (CCI™) Advanced thermal technology for steering wheel heating combined with Hands-On Detection (HOD) system for driving comfort and safety, enabling OEMs to incorporate heated steering in any steering wheel design. Sold to automotive OEMs and tier-1 suppliers.
• Pneumatic Controlled Seat (PCS™) Pneumatic comfort system providing lumbar support and massage functionality using SMA valve technology for energy-efficient and lifelike massage experiences. Sold to automotive OEMs and tier-1 suppliers.
• Intelligent Positioning System (IPS™) Electronic system for intelligent positioning in vehicles, enabling automated seat adjustments and personalized positioning. Sold to automotive OEMs and tier-1 suppliers.
• Memory Seat Modules (MSM) Electronic control modules for memory seat functionality, enabling personalized seat positioning recall for vehicle occupants. Sold to automotive OEMs and tier-1 suppliers.
• PilotSense™ Occupant sensing technology for automotive applications, part of Gentherm's electronics portfolio. Sold to automotive OEMs and tier-1 suppliers.
• Puls.A™ Advanced pneumatic massage solution utilizing Shape Memory Alloy technology for ultra-compact, energy-efficient comfort systems. Sold to automotive OEMs, tier-1 suppliers, and home/office furniture manufacturers.
• ComfortScale™ Proprietary comfort measurement and assessment solution for evaluating and benchmarking thermal comfort performance. Sold to OEMs and furniture manufacturers to quantify occupant comfort.
• WellSense™ Software-defined wellness platform delivering customized in-cabin comfort sensations promoting wellness and well-being, leveraging science-based physiology research and proprietary software that orchestrates heating, cooling, lumbar, and massage comfort products. Targeted at automotive OEMs, tier-1 suppliers, and home/office furniture partners.
• ClimateSense® Next-generation personalized vehicle comfort solution providing a customized microclimate of individualized multi-zone comfort for every passenger, engineered to minimize energy use and contribute to overall vehicle ecosystem efficiency for EVs. Reduces HVAC energy consumption by up to 40% for EVs. Sold to automotive OEMs.
• ThermAffyx™ Patient Safety System Patient safety system integrating resistive heating directly into patient securement pads for use in robotic and laparoscopic surgeries to address perioperative hypothermia. Targets U.S. healthcare institutions performing robotic and laparoscopic surgery with patients positioned in Trendelenburg. FDA 510(k) submitted February 2026, commercial launch planned Q3 2026.
• Blanketrol® III System Gentherm Medical's flagship patient temperature management system for controlled heating and cooling in hospital and surgical settings. Sold to healthcare institutions through direct sales and distribution networks.
• WarmAir® and FilteredFlo® Forced-air warming system (WarmAir®) and filtered air blanket (FilteredFlo®) for patient warming applications. Sold to healthcare institutions.
• Norm-O-Temp® Patient warming system for maintaining normothermia during medical procedures. Sold to healthcare institutions.
• Astopad® Surface warming pad for patient temperature management in medical settings. Sold to healthcare institutions.
• Temple Touch Pro™ Localized warming device for patient temperature therapy. Sold to healthcare institutions.
• Electri-Cool® II Localized cooling therapy device for medical applications. Sold to healthcare institutions.
• Micro-Temp® LT Localized temperature therapy system for patient treatment. Sold to healthcare institutions.
• Astotherm® Plus Blood and fluid warming system for medical temperature management. Sold to healthcare institutions.
• Astoflo® Plus Eco Fluid warming system with eco-friendly design for medical applications. Sold to healthcare institutions.
• Astodia® Blood and fluid temperature control system for medical use. Sold to healthcare institutions.
• Hemotherm® CE Blood warming system for transfusions and medical procedures. Sold to healthcare institutions.

Quantifiable outcome

• Energy reduction: ClimateSense® reduces HVAC energy consumption by up to 40% for EVs
• +3 more outcomes

Named customers4 records

Segments1 record

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Five partnerships are on record, tiered growth, supporting, core and innovation.

• KUKA HomegrowthChannel Partner/ Reseller/ Distributor · 19 March 2026Gentherm partnered with KUKA Home in Asia to launch its thermal management technology in the home furniture market, extending its comfort solutions beyond automotive applications. The partnership produced co-branded products under the program 'Enhanced Comfort by Gentherm,' leveraging KUKA Home's existing furniture distribution network and retail presence across Asia.
• KNB CommunicationssupportingGTM or Marketing Partner · 10 March 2026Gentherm engaged KNB Communications to support the launch of its ThermAffyx™ Patient Safety System in the medical market. KNB is providing marketing communications support for the FDA 510(k) pending medical device targeting surgical patient safety applications.
• Modine Manufacturing (Performance Technologies)coreStrategic or Co-development Partner · 29 January 2026Gentherm entered a definitive agreement to combine Modine's Performance Technologies business with Gentherm in a Reverse Morris Trust transaction valued at approximately $1.0 billion. The deal is expected to close in Q4 2026, creating a combined entity with pro forma revenue of $2.6 billion and approximately $25 million in annual cost synergies. Modine shareholders will retain approximately 40% ownership.
• Datang NXP SemiconductorsinnovationTechnology or Integration · 1 January 2021Gentherm partnered with Datang NXP Semiconductors on battery technology development for electric vehicles, working on ways to reduce energy usage and improve battery thermal management as EV adoption increases. The partnership addresses consumer expectations around vehicle range and safety.
• Fraunhofer Institute for Building Physics (IBP)innovationStrategic or Co-development Partner · 1 January 2019Gentherm forged a relationship with Fraunhofer IBP, the world's leading applied research organization, to advance research and development in building physics and thermal management applications. The partnership supports Gentherm's development of human-centric thermal comfort solutions applicable across automotive, home and office markets.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• 3M Company: Through its Health Care business (Bair Hugger forced-air warming system), 3M competes with Gentherm Medical in patient warming. Similar customer base (hospitals, surgical centers) and overlapping clinical value proposition around normothermia.
• ICU Medical (Smiths Medical): Medical device company offering patient temperature management systems and blood/fluid warming products. Directly comparable to Gentherm Medical's Blanketrol®, Norm-O-Temp®, Astotherm® and Hemotherm® CE product lines.

Broad incumbents

• Denso Corporation: Global automotive components leader with deep thermal management, HVAC and electrification systems offerings. Competes with Gentherm in cabin climate modules and battery thermal management for Asian and global OEMs.
• Aptiv plc: Automotive technology company focused on advanced electronics and electrical architecture. Overlaps with Gentherm in vehicle thermal/electronic control units and connection systems for thermal comfort features.
• Continental AG: Large diversified automotive supplier with substantial HVAC, thermal and interior electronics businesses. Overlaps with Gentherm in cabin climate control and thermal sensors, though it operates across a far broader portfolio.

Direct peers

• Adient plc: Pure-play automotive seating manufacturer supplying major OEMs globally. Overlaps with Gentherm in seat-level comfort and trim, though Gentherm sells into seat programs as a thermal/pneumatic subsystem supplier.
• Valeo SA: Major automotive thermal systems supplier (HVAC, thermal management for ICE and EV powertrains). Closest direct competitor to Gentherm's vehicle-level thermal management and battery cooling portfolio.
• MAHLE GmbH: Tier-1 automotive supplier specializing in thermal management, HVAC, and powertrain cooling. Competes with Gentherm in battery thermal management and cabin climate modules, particularly in European OEM programs.
• BorgWarner Inc. Automotive propulsion and thermal management specialist with growing battery thermal management and e-powertrain cooling portfolio. Comparable to Gentherm's battery thermal management and SMA-based valve offerings for EVs.
• Lear Corporation: Global automotive seating and electrical systems supplier with overlapping thermal comfort and seat electronics product lines. Competes directly with Gentherm in heated/cooled seat systems and electrical distribution for OEMs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/GenthermInc
• Facebookfacebook.com/158892067507435
• LinkedInlinkedin.com/company/gentherm-inc
• Instagraminstagram.com/gentherminc
• Xx.com/Gentherm

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gentherm