ABC Technologies announced the completion of its acquisition of TI Fluid Systems (TIFS) for an enterprise value of over £1.8 billion. This combined business will be rebranded TI Automotive, a name with a distinguished heritage that reflects their shared focus on world-class engineering, people, and customer service.
This deal combines two complementary businesses to create a stronger, more diversified Tier 1 manufacturer supplying market-leading safety and performance-critical products and highly engineered components. The business is ideally positioned to support diverse customers with its propulsion-agnostic portfolio. With a combined revenue of $5.4 billion and 34,600 employees in 26 countries, TI Automotive will have the global scale and local reach needed to serve the automotive industry.
ABC President and CEO Terry Campbell will head TI Automotive. And he will be supported by an executive leadership team. Based in Auburn Hills, Michigan, TI Automotive will be managed through a Regional Operating Model to ensure customer proximity and the agility to respond rapidly to local market dynamics.
KEY QUOTE:
“We have a great business with exceptional people, differentiated products, a deep commitment to safety and a relentless focus on delivering for our customers. As we embark on the next chapter of our history, we are focused on maximizing shared strengths, building on the best of both our organizations and winning as a team. The combination creates exciting opportunities to drive innovation and manufacturing excellence, while establishing the foundations for our future growth. I am confident that we will do great things together.”
– Terry Campbell, President & CEO of TI Automotive
