Financial advice to TI Fluid Systems is being provided by Goldman Sachs and Peel Hunt LLP.
Strategic Significance of the Acquisition
Terry Campbell, president and CEO of ABC Technologies, described the deal as a “transformative strategic opportunity” that positions the company for continued growth. “A combined business will enable us to better serve our customers,” Campbell said, highlighting the potential for expanded market reach and operational synergies.
ABC Technologies is a leader in engineered technical plastics and automotive components. By acquiring TI Fluid Systems—known for its global footprint with 98 manufacturing locations and expertise in fluid systems for vehicles—ABC aims to bolster its presence across the Americas, Europe, and Asia.
Shareholder and Regulatory Approval
The transaction will proceed via a court-sanctioned scheme of arrangement, requiring approval from 75% of TI Fluid Systems’ shareholders. The court and general meetings for shareholders are expected to occur by March 2025. As of Friday, ABC reported support from shareholders controlling 35% of TI Fluid Systems’ shares.
Timeline and Next Steps
The acquisition hinges on regulatory and shareholder approvals, with completion anticipated by mid-2025. If successful, the deal is expected to solidify ABC’s position as a global leader in the automotive supply chain, leveraging synergies to create a more robust platform for innovation and growth.
