Core Insights - Modine has acquired Climate by Design International (CDI), enhancing its capabilities in desiccant dehumidification technology and critical process air handling systems [1][2] - This acquisition is part of Modine's strategy to expand its Commercial Indoor Air Quality (IAQ) business and product portfolio, targeting new markets such as food processing, cold storage, and healthcare [2][3] Company Overview - Modine is a global leader in thermal management technology, with over 100 years of experience in solving thermal management challenges for mission-critical applications [4] - The company operates worldwide with more than 11,000 employees, focusing on improving air quality and reducing energy consumption through innovative heating, cooling, and ventilation solutions [4] Strategic Implications - The acquisition of CDI is expected to be accretive to earnings before synergies and will drive incremental growth through Modine's 80/20 operating model [3] - CDI's specialized technologies fill a gap in Modine's existing product offerings, particularly in low-temperature environments critical for sectors like pharmaceuticals and healthcare [2][3]