# ABC Technologies announces recommended offer to acquire TI Fluid Systems

ABC Technologies has reached agreement on a recommended all-cash offer to acquire TI Fluid Systems for 200 pence per share, valuing the company at an enterprise value of approximately £1,831 million.

- Type: Acquisition
- Announced: 2024-11-29
- Where: United Kingdom
- Value: $2.33B (1.83B GBP)
- Status: announced
- Products: thermal and fluid system solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ABC Technologies Holdings](https://endata.com/companies/60313.md)
- [TI Fluid Systems](https://endata.com/companies/7205.md) (target)
- [ABC Technologies Holdings](https://endata.com/companies/60313.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/abc-technologies-announces-recommended-offer-to-acquire-ti-fluid-systems-302318631.html), 2024-11-29: "ABC Technologies today announces that it has reached an agreement on the terms of a recommended all-cash offer for the acquisition by ABC Technologies Acquisitions Limited of the entire issued and to be issued ordinary share capital of TI Fluid Systems plc."
- [plasticstoday.com](https://www.plasticstoday.com/business/canada-s-abc-technologies-buys-uk-based-ti-fluid-systems), 2024-12-02: "This transaction is a transformative strategic opportunity that unlocks value for all of our stakeholders and provides a platform for further growth."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.