By Amit Chowdhry Yesterday at 1:36 PM

Gentherm announced it has acquired Innovative Medical Equipment, a Cleveland-area provider of the ThermaZone thermal therapy device, in a move the company said supports its strategy to strengthen its Medical business. ThermaZone is a non-opioid thermal therapy solution designed to support pain management and recovery through controlled hot-and-cold therapy.

The acquisition adds an established technology platform and customer base that Gentherm said expands its addressable opportunities in healthcare while remaining aligned with its broader thermal management expertise. The company expects the deal to deliver revenue synergies by leveraging IME’s expanded customer relationships across additional channels. Gentherm, which also produces automotive climate control seats, climate control interiors, and lumbar and massage comfort solutions, recorded approximately $1.5 billion in annual sales in 2025 and secured $2.2 billion in automotive new business awards, employing more than 14,000 people across facilities in 13 countries.

KEY QUOTES:

“We are intent on transforming Gentherm by building on our leadership in thermal management and expanding into markets where our capabilities and customer relationships can create long-term value. This transaction reflects Gentherm’s disciplined approach to capital deployment, prioritizing investments that align with its thermal and precision flow management capabilities and scalable global operating model.”

Bill Presley, President and CEO, Gentherm

“Joining Gentherm creates an opportunity to build on the foundation we have established with ThermaZone and support the next stage of growth for the business. Gentherm’s scale, technical capabilities and global operating experience make it a strong fit for IME as we look to broaden access to our technology.”

Brad Pulver, Founder and President, Innovative Medical Equipment