Canada’s ABC Technologies acquires TI Fluid Systems

GlobalData

Wed, Apr 16, 2025, 9:06 AM 1 min read

Canadian steadfast ABC Technologies has closed the acquisition of TI Fluid Systems, a supplier of automotive fluid storage, carrying and transportation systems.

The deal, which was archetypal announced successful November 2024, has an endeavor worth of implicit £1.8bn ($2.37bn).

It progressive an all-cash connection for the full stock superior of the British automotive components supplier, with TI Fluid Systems shareholders receiving 200 pence per share.

TI Fluid Systems operates crossed 27 countries and caters to each large automotive manufacturers.

The transaction is expected to heighten the combined entity's planetary beingness and merchandise offerings, allowing them to service a wider scope of customers, including apical automotive OEMs and Tier One suppliers.

The merged business, named TI Automotive, volition person a combined gross of $5.4bn and a workforce of 34,600 crossed 26 countries.

TI Automotive volition beryllium led by ABC Technologies president and CEO Terry Campbell.

With its office successful Auburn Hills, Michigan successful the US, TI Automotive volition run done a determination operating model.

Majority ownership of TI Automotive resides with affiliates of Apollo Global Management, which owns ascendant involvement successful ABC Technologies. Oaktree Capital Management holds a number equity involvement the caller entity.

TI Automotive president and CEO Terry Campbell said: “The operation creates breathtaking opportunities to thrust innovation and manufacturing excellence, portion establishing the foundations for our aboriginal growth.”

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