Canadian Tech Firm Expands Footprint in Automotive Industry: ABC Technologies Acquires TI Fluid Systems
Toronto, Canada – In a landmark move that strengthens its position in the global automotive market, ABC Technologies, a leading Canadian automotive technology company, has successfully closed the acquisition of TI Fluid Systems, a renowned provider of automotive fluid storage, carrying, and delivery systems. This acquisition, which was first announced in November 2024, has a total enterprise value of £1.8bn (approximately $2.37bn USD).
The Deal That Reshapes Automotive Manufacturing
The acquisition marks a significant expansion for ABC Technologies into the automotive fluid management sector. The deal was completed through an all-cash offer for the entire share capital of TI Fluid Systems, with shareholders receiving 200 pence per share. TI Fluid Systems operates across 27 countries, servicing major automotive manufacturers globally.
As part of the transaction, the merged entity will be rebranded as TI Automotive, and it is projected to generate a combined $5.4bn in revenue, with a workforce of 34,600 employees spanning across 26 countries.
A Stronger, Unified Global Presence
The acquisition will bolster TI Automotive’s product offerings and significantly enhance its global presence. By integrating ABC Technologies’ existing expertise with TI Fluid Systems’ extensive network and capabilities, the combined entity will be able to serve a broader customer base, including top automotive Original Equipment Manufacturers (OEMs) and Tier One suppliers.
Terry Campbell, President and CEO of ABC Technologies, will lead the newly formed TI Automotive. The company will adopt a regional operating model, with its headquarters based in Auburn Hills, Michigan, USA, signaling a strong presence in North America and beyond.
A New Chapter for Innovation and Manufacturing Excellence
Terry Campbell commented, “The combination of ABC Technologies and TI Fluid Systems creates exciting new opportunities for innovation and manufacturing excellence in the automotive industry. We are well-positioned to drive future growth while building on our proven capabilities in this evolving market.”
A Strategic Move Backed by Major Investors
The majority ownership of TI Automotive will rest with affiliates of Apollo Global Management, which also holds a dominant stake in ABC Technologies. Additionally, Oaktree Capital Management will retain a minority equity interest in the newly formed entity.
What This Means for the Automotive Industry
With the acquisition, ABC Technologies expands its reach in the automotive fluid systems market, which is crucial to the functioning of modern vehicles. The move is expected to help the company strengthen its position as a leader in automotive technology and innovation, with a more diversified and comprehensive portfolio for customers worldwide.
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