The latest announcement is out from TI Fluid Systems plc ( (GB:TIFS) ).
TI Fluid Systems plc is set to be acquired by ABC Technologies Acquisitions Limited, a subsidiary of ABC Technologies Inc., through a cash acquisition scheme. The acquisition, which has received shareholder approval, is awaiting final regulatory and antitrust approvals, with the scheme expected to become effective on April 15, 2025. This acquisition signifies a strategic move for ABC Technologies to strengthen its position in the automotive industry, potentially impacting stakeholders by consolidating market presence and expanding technological capabilities.
More about TI Fluid Systems plc
TI Fluid Systems plc operates in the automotive industry, providing fluid storage, carrying, and delivery systems. The company focuses on offering solutions for the automotive sector, including fuel tank and delivery systems, brake and fuel lines, and thermal management products.
YTD Price Performance: 2.38%
Average Trading Volume: 3,238,908
Technical Sentiment Signal: Sell
Current Market Cap: £974.2M
For a thorough assessment of TIFS stock, go to TipRanks’ Stock Analysis page.