Gentherm Incorporated
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Gentherm Incorporated - overview
Established
1991
Location
Northville, MI, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
Gentherm Incorporated specializes in advanced thermal management and pneumatic comfort technologies, providing innovative solutions primarily for the automotive and medical sectors to enhance comfort and safety. Gentherm Incorporated, founded in 1991 in Northville, US, focuses on developing thermal management technologies. The company has undergone strategic changes but does not have noted subsidiaries or pivots. The leadership includes CEO Michael Desnoyers and Phil Eyler.
The company has completed a PIPE funding round, raising USD 12. 50 mn from investors Big Beaver Investments LLC and Westar Capital, bringing the total funds raised to USD 12. 50 mn. Gentherm is a global leader specializing in innovative thermal management and pneumatic comfort technologies, primarily catering to the automotive and medical industries.
The company’s flagship products include ClimateSense® for automotive applications, which optimizes passenger comfort through advanced climate control systems, and the Blanketrol® System for medical temperature management, designed to maintain patient warmth during procedures. These solutions are tailored to enhance the comfort and safety of both vehicle occupants and patients in healthcare settings. Gentherm's client base includes major automotive manufacturers, as well as hospitals and healthcare providers across North America, Europe, and Asia. Their products aim to address critical needs such as ensuring optimal thermal comfort in vehicles and effective temperature management in medical environments, thus improving overall user experience and patient outcomes.
Gentherm generates revenue through a combination of direct sales and partnerships primarily within the automotive and medical sectors. The company engages in B2B transactions with major automotive manufacturers and healthcare facilities, providing customized solutions that integrate into their existing systems. Transactions typically involve direct sales of proprietary technologies such as ClimateSense® and Blanketrol® systems, accompanied by potential maintenance agreements and clinical support services. The structure of these transactions allows for a comprehensive service offering that includes training and ongoing technical assistance for clients.
Additionally, the company facilitates the sale of replacement parts and maintenance services for its devices, ensuring consistent operation and reliability, which further supports customer retention and revenue growth. For the year 2024, Gentherm reported revenues of USD 1,456. 12 mn and an EBITDA of USD 159. 99 mn.
Gentherm plans to enhance its product line with upcoming innovations designed to improve thermal comfort in various applications, though specific product release dates are yet to be announced. The company is also targeting expansion into additional markets within Europe and Asia by the end of 2025. The recent PIPE funding of USD 12. 50 mn will be utilized to support these initiatives and enhance their product development capabilities.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.gentherm.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Gentherm Incorporated - timeline of key events
Gentherm Incorporated - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 369,588,000 | 554,979,000 | 662,082,000 | 811,300,000 | 856,445,000 | 917,600,000 | 985,683,000 | 1,038,259,000 | 971,684,000 | 913,098,000 | 1,046,150,000 | 1,204,656,000 | - | - | - |
| % Revenue Growth (YoY) | - | 50.2% | 19.3% | 22.5% | 5.6% | 7.1% | 7.4% | 5.3% | (6.4%) | (6.0%) | 14.6% | 15.2% | - | - | - |
| EBITDA (USD) | 42,233,000 | 66,685,000 | 80,829,000 | 133,463,000 | 152,348,000 | 143,883,000 | 142,296,000 | 123,426,000 | 128,506,000 | 130,331,000 | 153,786,000 | 92,701,000 | - | - | - |
| Operating Income (USD) | 18,881,000 | 36,058,000 | 49,580,000 | 98,434,000 | 121,319,000 | 106,119,000 | 97,324,000 | 72,788,000 | 84,260,000 | 89,217,000 | 115,006,000 | 48,307,000 | - | - | - |
| Operating Margin | 5.1% | 6.5% | 7.5% | 12.1% | 14.2% | 11.6% | 9.9% | 7.0% | 8.7% | 9.8% | 11.0% | 4.0% | - | - | - |
| % EBITDA Margin | 11.4% | 12.0% | 12.2% | 16.5% | 17.8% | 15.7% | 14.4% | 11.9% | 13.2% | 14.3% | 14.7% | 7.7% | - | - | - |
| NET Income (USD) | 11,889,000 | 24,321,000 | 35,133,000 | 70,119,000 | 95,393,000 | 76,598,000 | 35,227,000 | 41,899,000 | 37,506,000 | 59,690,000 | 93,434,000 | 24,441,000 | - | - | - |
| % Net Margin | 3.2% | 4.4% | 5.3% | 8.6% | 11.1% | 8.3% | 3.6% | 4.0% | 3.9% | 6.5% | 8.9% | 2.0% | - | - | - |
Gentherm Incorporated - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Etratech Inc. | - | ||||||||
| Trade Sale | Completed | Global Thermoelectric, Inc. | - | ||||||||
| Trade Sale | Completed | W.E.T. Automotive Systems | - | ||||||||
| PIPE | Completed | Gentherm Incorporated | - | ||||||||
| PIPE | Completed | Gentherm Incorporated | - |
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Gentherm Incorporated - employee data
Gentherm Incorporated - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member Board of Advisors | BM | ||||||
| Chairman of the Board | BM | ||||||
| Chairman of the Board of Directors - Gentherm Inc. | BM |
BM Board Member
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