Canadian-based ABC Technologies, a leader in automotive systems and components, is set to acquire UK-based TI Fluid Systems for $1.3 billion (1.04 billion pounds). TI Fluid Systems specializes in developing thermal solutions and fluid systems for automotive manufacturers.
Headquartered in London, TI Fluid Systems produces advanced thermal management and fluid control systems aimed at enhancing vehicle performance and sustainability while driving the future of mobility.
The company operates in 27 countries, including the U.S., Canada, and Mexico. With this acquisition, TI Fluid Systems plans to expand its presence across North America, Europe, and Asia.
ABC Technologies, headquartered in Canada, is a global leader in providing plastic processing technologies and systems to the automotive sector. Known for delivering faster product development, improved efficiency, and cost savings, the company is well-positioned as an industry leader.
Previously, ABC Technologies had made several offers to acquire TI Fluid Systems, which were declined. However, according to Bloomberg, the two companies have now reached an agreement, and the deal is nearing completion.
This strategic acquisition is poised to reshape the dynamics of the automotive industry and further strengthen both companies’ positions in the global market.
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