Modine Manufacturing Establishes Data Centers Division with New Leadership
Modine Manufacturing has appointed Art Laszlo as president of its new data centers division, effective April 1, 2026. This strategic move aims to enhance the company’s position in the expanding data center cooling market, projected to grow significantly in the coming years.
Theia Market Signal Identification - AI Assisted
Effective April 1, 2026, Art Laszlo will lead Modine Manufacturing's newly established data centers division, emphasizing the company's commitment to the data center cooling sector. This follows a significant investment of over $100 million announced in 2025 to expand production capacity, including a new plant in Franklin, Wisconsin.
Revenue from data center cooling services reached over $640 million in fiscal year 2025, with sales for data centers rising from 4% to 25% of total annual net sales from 2021 to 2025. Modine is also spinning off its Performance Technologies segment to sharpen its focus on high-growth areas. The anticipated annual growth of data center revenue by 50-70% over the next two years may surpass the company's 2028 target of $2 billion, indicating a strong market potential.
Comments