ABC Technologies Finalizes Acquisition of TI Fluid Systems
Deal News | Apr 15, 2025 | PR Newswire Cision ABC Technologies
ABC Technologies has completed its acquisition of TI Fluid Systems for over £1.8 billion. The newly formed entity, rebranded as TI Automotive, will combine both companies' resources to enhance its status as a Tier 1 supplier to the automotive industry. The merger aims to leverage the companies' global reach, innovative engineering, and customer service credentials. With a combined workforce of 34,600 across 26 countries and revenues estimated at $5.4 billion, TI Automotive will be headed by Terry Campbell. Apollo Global Management maintains a majority stake, with Oaktree Capital Management holding a minority interest.
Sectors
- Automotive Manufacturing
- Private Equity and Investment
Geography
- United States – TI Automotive's headquarters is located in Auburn Hills, Michigan.
- United Kingdom – TI Fluid Systems was originally a UK-based company prior to its acquisition.
Industry
- Automotive Manufacturing – The article discusses the creation of TI Automotive, a major Tier 1 supplier of automotive components.
- Private Equity and Investment – The acquisition involves significant investment interests from Apollo Global Management and Oaktree Capital Management.
Financials
- £1.8 billion – The enterprise value of the acquisition of TI Fluid Systems by ABC Technologies.
- $5.4 billion – The combined pro forma revenue for the year 2024 of the merged companies TI Automotive.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ABC Technologies | Bidding Company | Company | A technology company that acquired TI Fluid Systems to form TI Automotive. |
| TI Fluid Systems plc | Target Company | Company | A manufacturer of automotive fluid systems acquired by ABC Technologies. |
| Apollo Global Management, Inc. | Major Shareholder | Company | Holds a majority stake in TI Automotive through its affiliated funds. |
| Oaktree Capital Management, L.P. | Minority Equity Holder | Company | Holds a minority equity interest in TI Automotive. |
| Terry Campbell | CEO | People | CEO of TI Automotive post-acquisition. |