ABC technologies announces £1.8bn acquisition of TI Fluid Systems

ABC Technologies has announced a landmark transaction: the acquisition of TI Fluid Systems for £1.83 billion. This transformative deal strengthens the company’s position in the global automotive industry by uniting two automotive manufacturing leaders under one umbrella. The acquisition, expected to close in H1 2025, includes an all-cash offer of 200 pence per share for TI Fluid Systems shareholders.

Strategic deal reshaping global automotive industry

The ABC Technologies acquisition of TI Fluid Systems represents a pivotal moment in the automotive manufacturing sector. TI Fluid Systems, a London-listed company, is renowned for its expertise in thermal fluid solutions, which cater to a range of vehicle architectures. With a presence in 27 countries, it has built a strong reputation in the global automotive industry, working with leading original equipment manufacturers (OEMs).

ABC Technologies, a leader in light vehicle components, is focused on developing sustainable manufacturing solutions. Serving over 25 OEMs across eight countries, the company has been a key innovator in the automotive sector. This acquisition enhances its expanded global footprint, enabling the combined entity to better serve automotive manufacturing leaders and deliver innovative solutions.

Unlocking synergies for sustainable growth

ABC Technologies President and CEO Terry Campbell called the deal a strategic industry partnership with the potential to revolutionise automotive sector innovation. He emphasised that the integration of the two companies would drive growth by leveraging their shared expertise in sustainable manufacturing solutions and thermal fluid solutions.

The combined entity will benefit from an expanded global footprint, creating new opportunities to serve the global automotive industry. By uniting under one vision, the two automotive manufacturing leaders aim to enhance customer value and address the evolving demands of the automotive sector, including the shift toward electrification and sustainability.

Financial and legal highlights

The ABC Technologies acquisition of TI Fluid Systems will be financed through equity and debt. The deal highlights the strategic industry partnership between two complementary organisations, which will reshape the global automotive industry. Financial advisory services for the transaction were led by Lazard, with Citi, TD Securities, and Scotiabank supporting. Legal advice was provided by Kirkland & Ellis International and Paul, Weiss, Rifkind, Wharton & Garrison.

As automotive sector innovation accelerates, this merger positions ABC Technologies and TI Fluid Systems as key players in the global automotive industry. Their combined expertise in light vehicle components and thermal fluid solutions is expected to drive sustainable manufacturing solutions and strengthen their position as automotive manufacturing leaders.

A new era for automotive manufacturing

This strategic industry partnership underscores the importance of collaboration in addressing the challenges of a rapidly evolving global automotive industry. By combining their expanded global footprint and innovative product portfolios, ABC Technologies and TI Fluid Systems are poised to lead the automotive sector into a new era of growth, sustainability, and innovation.