TI Fluid Systems plc

TIFS

GB00BYQB9V88

Auto, Truck & Motorcycle Parts

Market Closed - London S.E. Other stock markets 16:35:21 05/12/2024 GMT			5-day change	1st Jan Change
193.20 ^GBX	+0.21%		+2.11%	+25.62%

11-29	FTSE 100 ekes out small gain as New York prospers	AN
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Canada's ABC Technologies to buy British firm TI Fluid in $1.32 billion deal

November 29, 2024 at 07:07 am

(Reuters) - TI Fluid Systems said on Friday it agreed to be acquired by Canada's ABC Technologies, valuing the British automotive components supplier at 1.04 billion pounds ($1.32 billion).

($1 = 0.7860 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sherry Jacob-Phillips)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	TI FLUID SYSTEMS PLC	193.20GBX	+0.21%	+2.11%	1.21B
	APOLLO GLOBAL MANAGEMENT, INC.	173.00USD	+0.38%	-0.49%	99.43B

Latest news about TI Fluid Systems plc

FTSE 100 ekes out small gain as New York prospers	11-29	AN
Global markets live: Alphabet, Citigroup, Amazon, Volkswagen, HSBC...	11-29
FTSE 100 flat; "takeover juggernaut" lifts 250s	11-29	AN
TI Fluid Systems Board Backs GBP1.04 Billion Sale to ABC Technologies	11-29	MT
FTSE 100 : London's slight dip ahead of eurozone inflation drama	11-29
Tepid trade ahead of eurozone inflation data	11-29	AN
TI Fluid Systems backs GBP1.04 billion bid from Canada's ABC	11-29	AN
TI Fluid backs GBP1 billion ABC Technologies bid	11-29	AN
TI Fluid Agrees on Terms of Potential Sale to Apollo-backed ABC Technologies	11-29	MT
Canada's ABC Technologies to buy British firm TI Fluid in $1.32 billion deal	11-29	RE
TI Fluid Systems Likely to Announce Recommended Merger Deal with Apollo-backed ABC Technologies	11-28	MT
TI Fluid Systems says deadline for ABC Technologies bid extended	11-22	AN
TI Fluid Systems Extends Deadline for ABC Technologies to Submit Firm Offer	11-22	MT
TI Fluid Systems extends deadline for formal takeover offer	11-08	AN
Stocks turn red despite lower interest rates	11-08	AN
TI Fluid Systems Extends Firm Offer Deadline for ABC Technologies	11-08	MT
TI Fluid Systems revenue down on "challenging" market conditions	11-05	AN
FTSE 100 : All eyes on the US	11-05
TI Fluid Systems Posts Drop in Nine-month Revenue; FY24 Outlook Revised	11-05	MT
London stocks red while growth speeds up in China	11-05	AN
Jefferies Downgrades TI Fluids Systems to Hold, Reduces PT	10-29	MT
Jefferies cuts TI Fluid; BofA lowers St James's	10-29	AN
BP and HSBC in profit beats and announce buybacks	10-29	AN
Jefferies raises NatWest to 'buy'	10-15	AN
UK Shares Close Higher; Gambling Sector Faces Potential Tax Hike	10-14	MT

TI Fluid Systems plc is a United Kingdom-based company, which is a global innovator of thermal and fluid system solutions for the full range of developed vehicle architectures. It is engaged in engineered automotive fluid storage, carrying and delivery systems and thermal management products and systems. The Company operates through two segments: Fluid Carrying Systems (FCS) and Fuel Tank and Delivery Systems (FTDS). The FCS products include brake and fuel lines and bundles, thermal management fluid systems (including hybrid electric vehicle (HEV) and battery electric vehicles (BEV) heating and cooling lines), powertrain components and quick connectors. The FTDS segment products include plastic fuel tanks, filler pipes, pumps and modules, and level sensors. Its three regional segments include Americas (AMER), Europe, the Middle East and Africa (EMEA) and Asia Pacific (APAC). It operates across 98 locations and 27 countries across five continents.

Employees

27,600

Sector

Auto, Truck & Motorcycle Parts

Calendar

17/03/2025 - Q4 2024 Earnings Release (Projected)

More about the company