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TI Fluid Systems plc is a British-American multinational company which develops, manufactures and supplies automotive fluid storage, carrying and delivery systems. The company serves the automotive aftermarket through Bundy, Walbro and Marwal brands. The company's headquarters is located in
Auburn Hills, Michigan Auburn Hills is a city in Oakland County in the U.S. state of Michigan. A northern suburb of Detroit, Auburn Hills is located about north of downtown Detroit. As of the 2020 census, the city had a population of 24,360. Auburn Hills is home to ...
, United States. It was listed on the
London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...
until it was acquired by Toronto-based ABC Technologies, a company controlled by
Apollo Global Management Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. , the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capita ...
, in April 2025.


History

The company traces its history back to the Bundy Corporation, which was founded in 1922 and supplied petroleum fuel lines to the
Ford Model T The Ford Model T is an automobile that was produced by the Ford Motor Company from October 1, 1908, to May 26, 1927. It is generally regarded as the first mass-affordable automobile, which made car travel available to middle-class Americans. Th ...
. It was acquired by
TI Group TI Group plc (formerly "Tube Investments") was a holding company for specialised engineering companies. It was based in Abingdon, Oxfordshire and was listed on the London Stock Exchange, at one point being a constituent of the FTSE 100 Index. ...
plc in 1988. After
Smiths Group Smiths Group plc is a British, Multinational corporation, multinational, diversified engineering business headquartered in London, England. It operates in over 50 countries and employs 15,000 staff. Smiths Group is listed on the London Stock Ex ...
acquired TI Group in 2000, Smiths Group transferred its newly acquired automotive business into a corporate entity in 2001 thereby creating TI Automotive. In 2007, the company was acquired by a consortium of private equity investors. The company was forced to go through a debt-to-equity swap in 2009 following the global economic downturn. William "Bill" L. Kozyra was named chairman, chief executive officer and president of TI Automotive in May 2008. In January 2015, the company was acquired by
Bain Capital Bain Capital, LP is an American Investment company, private investment firm based in Boston, Massachusetts, Boston, Massachusetts, with around $185 billion of assets under management. It specializes in private equity, venture capital, credit, p ...
for $2.4 billion. In October 2017, the company floated on the
London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...
under its new name of TI Fluid Systems. The company floated 25 percent of its shares. In September 2023, it was announced TI Fluid Systems has acquired the
Halásztelek Halásztelek () is a town in Pest County, Hungary. Halásztelek lies on the northern part of Csepel Island, on the Danube. History The Romans, during their occupation, found Halásztelek dangerous because of the regular flooding of the Danube. It ...
-headquartered plastic injection moulding company, Cascade Engineering Europe Kft. for $27.7 million. In December 2024, the directors agreed a takeover offer from ABC Technologies of Canada, a company controlled by
Apollo Global Management Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. , the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capita ...
. The £1.83bn deal includes plans to cut up to 2,700 jobs worldwide, around 10% of TI Fluid Systems’ workforce, with staff at its Oxford headquarters being reduced by a third. The court approved the transaction on 8 April 2025, so allowing it to be completed.


Structure

The company has two divisions:
fuel tank A fuel tank (also called a petrol tank or gas tank) is a safe container for Flammability, flammable fluids, often gasoline or diesel fuel. Though any storage tank for fuel may be so called, the term is typically applied to part of an engine sys ...
systems and fluid carrying systems (such as brakes, battery cooling and climate control).


References


External links


Official website
{{TI Group Engineering companies of the United States Manufacturing companies based in Michigan Auburn Hills, Michigan Manufacturing companies established in 2000 2000 establishments in Michigan Bain Capital companies