ABC Technologies Names Terry Campbell as Future CEO Post Acquisition
Deal News | Feb 19, 2025 | PR Newswire Cision ABC Technologies
ABC Technologies (ABC) and TI Fluid Systems (TIFS) have revealed new leadership appointments that will take effect following the completion of ABC's acquisition of TIFS. Terry Campbell, currently President & CEO of ABC, will become the President & CEO of the combined group, while Alexander De Bock, currently CFO of TIFS, will serve as CFO. The acquisition, which was approved by TIFS shareholders, is expected to close in the first half of the year pending final regulatory clearances. The transaction will merge two complementary businesses enhancing their ability to navigate industry changes, particularly the transition to electrification and expanding their global footprint. Both companies have a strong presence in the global automotive supply chain and are committed to sustainability and innovation. Former President & CEO of TIFS, Hans Dieltjens, will step down following the deal completion.
Sectors
- Automotive Industry
- Manufacturing Industry
Geography
- Canada – ABC Technologies is based in Toronto, Canada.
- United States – The announcement mentions Auburn Hills, Michigan, which is part of the operational geography for TIFS.
- United Kingdom – TI Fluid Systems is mentioned in the context of the Companies Act 2006 related to the acquisition process, indicating significant operations or base there.
Industry
- Automotive Industry – Both ABC Technologies and TI Fluid Systems are key players in the automotive supply industry.
- Manufacturing Industry – ABC Technologies is a manufacturer and supplier of technical plastics and lightweight innovations for vehicles.
Financials
- All cash offer – ABC Technologies Acquisitions Limited made an all cash offer for the entire issued, and to be issued, ordinary share capital of TI Fluid Systems.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ABC Technologies | Acquirer/Target Company | Company | A leading global manufacturer and supplier of custom, highly engineered, technical plastics. |
| TI Fluid Systems | Target Company | Company | A global innovator of thermal and fluid systems solutions with over 100 years of automotive supply experience. |
| Terry Campbell | Future CEO of the Combined Group | Person | Current President & CEO of ABC Technologies, bringing over 30 years of experience in the automotive sector. |
| Alexander De Bock | Future CFO of the Combined Group | Person | Current CFO of TI Fluid Systems, with a background in finance leadership roles. |
| Hans Dieltjens | Outgoing CEO of TI Fluid Systems | Person | Current President & CEO of TI Fluid Systems, set to step down post-acquisition. |
| Bidco | Bidding Company | Company | ABC Technologies Acquisitions Limited, the entity making the offer for TI Fluid Systems. |
| Apollo Global Management, Inc. | Majority Owner | Company | Majority owner of ABC Technologies. |
| Oaktree Capital Management, L.P. | Minority Stakeholder | Company | Holds a minority equity interest in ABC Technologies. |
| FGS Global | PR Advisor to ABC Technologies | Company | Provides public relations services to ABC Technologies. |
| Headland Consultancy | PR Advisor to TI Fluid Systems | Company | Provides public relations services to TI Fluid Systems. |