Modine Manufacturing Co (Modine) is an industrial goods and machinery company that is primarily engaged in the provision of thermal management solutions. Modine's product portfolio includes heat transfer systems, heating, ventilating, air conditioning, and refrigeration (HVAC&R) products, and data center cooling solutions. The company serves a diverse range of customers, including data center developers and operators, HVAC OEMs, healthcare facility operators, school AC systems, construction architects and contractors, heating equipment wholesalers, and various equipment OEMs.

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Modine is focused on advancing its technological capabilities through strategic acquisitions, investments in new technologies, and meaningful internal R&D projects. The company is expanding its technology and product portfolio, particularly in the data centers business within its Climate Solutions segment, to address the growing demand for high-density cooling solutions driven by AI and machine learning trends. The company is also committed to developing sustainable solutions in the HVAC&R markets to support decarbonization efforts and the use of next-generation refrigerants. Additionally, the company collaborates with industry, university, and government-sponsored research organizations to enhance its thermal technology expertise. The company also maintains numerous state-of-the-art technology centers dedicated to the development and testing of products and technologies located in Wisconsin, Mississippi, Texas in the US; the UK; Italy; Sweden; Hungary; and Brazil. In FY2026, the company incurred expenses of US$29.3 million on R&D, which as a percentage of revenue, stood at 0.9% and decreased 16% YoY.