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February 25, 2013
06:06 EDTTHRMGentherm announces registration of DPLTA in Germany
Gentherm Incorporated announced the registration of a Domination and Profit and Loss Transfer Agreement with respect to its majority-owned subsidiary, W.E.T. Automotive Systems AG. Registration of the DPLTA had been the subject of a lengthy legal dispute in Germany. The DPLTA essentially allows Gentherm and W.E.T. to be managed as one operational entity.As previously announced, Gentherm recently acquired all of the shares of W.E.T. owned by the largest minority shareholder and the legal case opposing the registration of the DPLTA was simultaneously withdrawn. As a result of that transaction, Gentherm owned approximately 90% of W.E.T.'s outstanding shares. Gentherm also announced that it has since acquired or signed purchase agreements to acquire additional shares in W.E.T. from various minority shareholders that will increase Gentherm's total ownership interest in W.E.T. to 98.8% of W.E.T.'s outstanding shares. The additional shares were purchased for EUR85 per share cash.
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November 10, 2015
06:11 EDTTHRMGentherm granted two-year $2.75M contract by U.S. Navy
Gentherm announced that it has been selected by the U.S. Navy to lead the development of an energy efficient, portable patient warming system based on its proprietary thermal management technologies. Gentherm was granted a two-year, $2.75M contract by the U.S. Navy's Bureau of Medicine and Surgery and the Naval Medical Research Center. The effort aims to develop an energy efficient patient warming system.

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