Gentherm Buys Canadian Electronic Controls Maker For $64 Million
NORTHVILLE — Gentherm Inc., a developer of thermal management technologies for the automotive and other markets, announced it had acquired Etratech Enterprises Inc. of Burlington, Ontario, for $64 million in an all-cash transaction. Etratech designs, develops and produces electronic controls for the automotive, appliance, recreational vehicle, marine, medical, and other industries. “We believe that growing