TI Fluid Systems
| File:TI Fluid Systems logo.svg | |
| Company type | Private |
|---|---|
| Template:Lse | |
| Industry | Automotive Engineering |
| Founded | 2000 |
| Headquarters | Auburn Hills, Michigan |
Key people | Manfred Wennemer (Chairman) Hans Dieltjens (CEO and President) |
| Products | Automotive fluid systems |
| Revenue |  €3,360.3 million (2024) |
| €173.0 million (2024) | |
| €32.5 million (2024) | |
Number of employees | 25,600 (2023) |
| Parent | Apollo Global Management |
| Website | www |
TI Fluid Systems plc is a multinational enterprise with British-American origins, focusing on the design and manufacture of automotive fluid storage, transfer, and delivery solutions. The company services the automotive aftermarket through a portfolio of brands such as Bundy, Walbro, and Marwal. Its corporate headquarters are situated in Auburn Hills, Michigan. Formerly listed on the London Stock Exchange, TI Fluid Systems was acquired by ABC Technologies—a Canadian firm under the ownership of Apollo Global Management—in April 2025.
History
The roots of TI Fluid Systems trace back to the Bundy Corporation, established in 1922 to produce fuel lines for the Ford Model T. TI Group plc purchased Bundy in 1988, and after Smiths Group acquired TI Group in 2000, the automotive segment was rebranded as TI Automotive.
In 2007, ownership transferred to a private equity group. The company faced financial restructuring during the aftermath of the 2008 global financial crisis, culminating in a debt-to-equity conversion in 2009. William "Bill" L. Kozyra assumed the roles of chairman and CEO beginning in 2008.
Bain Capital acquired TI Automotive for $2.4 billion in January 2015. Subsequently, the business adopted the name TI Fluid Systems and initiated a public offering on the London Stock Exchange in October 2017, releasing 25% of its equity to investors.
In September 2023, TI Fluid Systems broadened its manufacturing footprint by purchasing Cascade Engineering Europe Kft., a plastic injection molding company located in Halásztelek, for $27.7 million.
By December 2024, TI Fluid Systems consented to a £1.83 billion acquisition by ABC Technologies of Canada, supported by Apollo Global Management. The agreement included workforce reductions estimated at around 10%, with approximately one-third of staff at its Oxford facility affected. The court sanctioned the transaction on 8 April 2025, with completion following shortly afterward.
Structure
TI Fluid Systems organizes its operations into two principal segments: fuel tank systems and fluid carrying systems. The latter encompasses components related to braking systems, battery cooling solutions, and climate control technologies.