This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsTI Fluid Systems（TI1）株式概要TI Fluid Systems plc は、ヨーロッパ、アフリカ、アジア太平洋地域、北米、中南米において、熱流体システムソリューションの設計、製造、販売を行っている。 詳細TI1 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長3/6過去の実績1/6財務の健全性3/6配当金0/6報酬当社が推定した公正価値より53.1%で取引されている 収益は年間57.26%増加すると予測されています リスク分析利払いは収益で十分にカバーされない 株式の流動性は非常に低い 財務結果に影響を与える大きな一時的項目 利益率(1%)は昨年より低い(2.4%) すべてのリスクチェックを見るTI1 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€2.223.7% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-279m4b2016201920222025202620282031Revenue €4.2bEarnings €39.9mAdvancedSet Fair ValueView all narrativesTI Fluid Systems plc 競合他社SAF-HollandSymbol: XTRA:SFQMarket cap: €883.1mNovem GroupSymbol: XTRA:NVMMarket cap: €114.5mHELLA GmbH KGaASymbol: XTRA:HLEMarket cap: €8.1bContinentalSymbol: XTRA:CONMarket cap: €13.8b価格と性能株価の高値、安値、推移の概要TI Fluid Systems過去の株価現在の株価UK£2.2252週高値UK£2.3052週安値UK£1.40ベータ0.891ヶ月の変化n/a3ヶ月変化n/a1年変化n/a3年間の変化-10.48%5年間の変化35.14%IPOからの変化-25.16%最新ニュースお知らせ • Apr 15+ 5 more updatesABC Technologies Inc. completed the acquisition of TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others.ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others for approximately £990 million on August 22, 2024. ABC Technologies made a revised proposal at £1.76 per share. As on November 28, 2024, Parties have reached non-binding letter of intent. As on November 29, 2024, Parties are pleased to announce that they have reached agreement. As on August 22, 2024, ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for £1.65 per share and was rejected by the Board of TI Fluid Systems. The Possible Offer is subject to customary pre-conditions, including the satisfactory completion of due diligence. The transaction is subject to introduce other forms of consideration and/or to vary the composition of the consideration, with the recommendation or consent of the Board of TI Fluid Systems, if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Possible Offer, following the announcement by TI Fluid Systems of a "whitewash" proposal and to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion. As of September 4, 2024, ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems early last week. As the Board of TI Fluid considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate. As of October 14, 2024, ABC Technologies subsequently submitted further all-cash proposals to acquire TI Fluid Systems at prices of £1.88 and £1.95 per share, both of which were rejected by the Board. Following limited access to management, on October 10, 2024, ABC Technologies submitted its fifth all-cash proposal to acquire TI Fluid Systems at a price of £2 per share, subject to the satisfaction or waiver of a number of pre-conditions, including completion of satisfactory due diligence and the agreement of definitive transaction documentation. The Acquisition values TI Fluid Systems’ entire issued, and to be issued, ordinary share capital at approximately £1,039 million on a fully diluted basis and implies an enterprise value of approximately £1,831 million. The Proposal represents a premium of approximately of 51.9% to the volume weighted average price of £1.317 for the 90-day period to 13 September 2024. In order to allow ABC Technologies to conclude due diligence, finalize financing and for the negotiation of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers (the "Takeover Panel") have consented to, an extension of the "Put Up or Shut Up" deadline. ABC Technologies is now required, by not later than November 8, 2024, to either announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer. As of November 8, 2024, in order to allow ABC Technologies to finalize its remaining confirmatory due diligence and financing, and for the finalization of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers have consented to, an extension of the PUSU Deadline. Consequently, ABC Technologies is now required, by not later than November 22, 2024, to either announce a firm intention to make an offer for TI Fluid Systems. There can be no certainty that a firm offer will ultimately be made for TI Fluid Systems by ABC Technologies. The Acquisition is currently expected to complete during the first half of 2025, subject to the satisfaction waiver of the Conditions. An expected timetable of key events relating to the Acquisition. The cash consideration payable to TI Fluid Systems Shareholders under the terms of the Acquisition will be financed by a combination of new equity financing to be provided by the Apollo Funds and Oaktree; and (b) a portion of the proceeds of third-party debt to be provided under an interim facilities agreement entered into between, inter alios, Bidco, ABC Group Intermediate Holdings Inc. As of December 17, 2024, TI Fluid Systems Board unanimously recommends that TI Fluid Shareholders vote or procure votes in favor of the Scheme. As of December 20, 2024, as a result, the total number of TI Fluid Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 163,942,442, representing approximately 33.04% of the issued ordinary share capital of TI Fluid Systems. As of December 24, 2024, in addition to the Original Interim Lenders, (i) Goldman Sachs Bank USA, (ii) JPMorgan Chase Bank, N.A., (iii) Fifth Third Bank, National Association, (iv) ING Capital LLC, (v) Natixis, New York Branch, and (vi) National Bank of Canada agreed to become lenders under the Interim Facilities Agreement by way of an amended and restated interim facilities agreement dated December 24, 2024 and the Commitment Papers and the Engagement Papers were amended accordingly to cater for the participation of the New Interim Lenders. Upon the Scheme becoming Effective, share certificates in respect of the TI Fluid Systems Shares will cease to be valid and will make an application to the London Stock Exchange for the cancellation of trading of the TI Fluid Systems Shares on the Main Market. TI Fluid will pay a Financial and corporate broking advice fee of £22.2 million, Legal advice fee of £12 million, Public relations advice fee of £0.4 million and Other professional services fee of £2.5 million. Bidco will pay a Financing arrangements fee of £120 million - £160.0 million, Financial and corporate broking advice fee of £17.0 million, Legal advice fee of £23 million, Accounting advice fee of £8 million, Public relations advice fee of £1 million and Other professional services fee of £5 million. As of January 10, 2024, the Offeror received a non-binding letter of intent from J O Hambro Capital Management Limited dated 28 November 2024, and therefore, the total number of TI Fluid Systems Shares which are subject to the J O Hambro Letter of Intent has reduced to zero TI Fluid Systems Shares. As a result, the total number of TI Fluid Systems Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 154,521,146, representing approximately 31.14%. of the issued ordinary share capital of TI Fluid Systems. As on January 24, 2025. the total number of TI Fluid Systems Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 147,644,851, representing approximately 29.75% of the issued ordinary share capital of TI Fluid Systems as at close of business on January 23, 2025. As of March 4, 2025, the European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of TI Fluid Systems plc of the UK by ABC Technologies Inc. of Canada. The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited combined market positions resulting from the proposed transaction. Richard Shaw, Keval Patel, Rory Anderson and Mohit Kohli of Lazard acted as financial advisors to ABC Technologies Inc. Nimesh Khiroya, Axel Hoefer, Tom Hartley and Ben Duell of Goldman Sachs International and Mike Bell, Marc Jones, Pete Mackie and Sam Cann of Peel Hunt LLP acted as advisors to TI Fluid Systems. Banco Santander acted as financial advisor for ABC. ABC Technologies Inc. completed the acquisition of TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others on April 15, 2025. Dealings in TI Fluid Systems Shares were suspended with effect from 7.30 a.m. today, 15 April 2025. Applications have been made to the Financial Conduct Authority and the London Stock Exchange in relation to the cancellation of the listing of TI Fluid Systems Shares on the equity shares (commercial companies) category of the Official List and the cancellation of the admission to trading of TI Fluid Systems Shares on the main market of the London Stock Exchange, which are each expected to take place at 8.00 a.m. tomorrow, 16 April 2025. All of the non-executive directors of TI Fluid Systems have resigned from the TI Fluid Systems Board. In line with the post-Effective Date leadership changes announced on 19 February 2025,with effect from today's date Hans Dieltjens has also resigned from the TI Fluid Systems Boardandstepped down from his role as President and CEO of TI Fluid Systems.お知らせ • Mar 31TI Fluid Systems Announces Cancellation of Listing and Admission to Trading of its Shares by 16 April 2025On 29 November 2024, the boards of directors of TI Fluid Systems plc (‘TI Fluid Systems’) and ABC Technologies Acquisitions Limited (‘Bidco’) announced that they had reached agreement on the terms of a recommended all cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of TI Fluid Systems (the ‘Acquisition’). The Acquisition is being implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the ‘Scheme’). The circular in relation to the Scheme was published or made available to TI Fluid Systems Shareholders on 17 December 2024 (the ‘Scheme Document’). On 5 February 2025, TI Fluid Systems and Bidco announced that the requisite majority of Scheme Shareholders had approved the Scheme at the Court Meeting and that the special resolution to, among other things, implement the Scheme was passed by the requisite majority of TI Fluid Systems Shareholders at the General Meeting. The Acquisition is subject to the Conditions set out in Part III of the Scheme Document, including the receipt of certain regulatory and antitrust approvals. TI Fluid Systems and Bidco are pleased to announce that the regulatory and antitrust processes are almost complete. The final Condition relating to the regulatory and antitrust approvals is expected to be satisfied in advance of the Court Hearing, scheduled for 8 April 2025. Accordingly, as is set out in more detail below, it is now expected that the Scheme will become Effective on 15 April 2025. Suspension of listing of and dealings in TI Fluid Systems Shares by 7.30 a.m. on 15 April 2025. Cancellation of listing and admission to trading of TI Fluid Systems Shares by 8.00 a.m. on 16 April 2025.お知らせ • Mar 12TI Fluid Systems plc Not Recommends Final Dividend for 2024TI Fluid Systems plc's Board is not recommending a final dividend for 2024.お知らせ • Oct 15ABC Technologies Submits Its Fifth All-Cash Proposal to Acquire TI Fluid SystemsOn 14 September 2024, the Board of TI Fluid Systems plc (LSE:TIFS) confirmed that it had received, and rejected, a highly preliminary and non-binding all-cash proposal from ABC Technologies Inc. ("ABC Technologies"), a company majority-owned by investment funds managed by Apollo Management IX, L.P., to acquire TI Fluid Systems at a price of 176 pence per share. This followed a previous proposal at 165 pence per share. ABC Technologies subsequently submitted further all-cash proposals to acquire TI Fluid Systems at prices of 188 and 195 pence per share, both of which were rejected by the Board. Following limited access to management, on 10 October 2024, ABC Technologies submitted its fifth all-cash proposal to acquire TI Fluid Systems at a price of 200 pence per share, subject to the satisfaction or waiver of a number of pre-conditions, including completion of satisfactory due diligence and the agreement of definitive transaction documentation (the "Proposal"). The Proposal represents a premium of approximately: 51.9% to the volume weighted average price of 131.7 pence for the 90-day period to 13 September 2024, being the last business day prior to the commencement of the offer period; 53.4% to the closing price of 130.4 pence on 21 August 2024, being the last business day prior to ABC Technologies submitting its first proposal to the TI Fluid Systems Board; and 37.2% to the closing price of 145.8 pence on 13 September 2024, being the last business day prior to the commencement of the offer period. The Company remains confident in its strategy. However, having considered the Proposal and having consulted with its financial and legal advisers, the Board has confirmed to ABC Technologies that, should a firm offer be made pursuant to Rule 2.7 of the Code on the same financial terms as the Proposal, it would be minded to recommend it to shareholders. In order to allow ABC Technologies to conclude due diligence, finalise financing and for the negotiation of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers (the "Takeover Panel") have consented to, an extension of the "Put Up or Shut Up" deadline. Consequently, in accordance with Rule 2.6(c) of the Code, ABC Technologies is now required, by not later than 5.00 p.m. (London time) on 8 November 2024 to either announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended by the Board of TI Fluid Systems, with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code. There can be no certainty that a firm offer will ultimately be made for TI Fluid Systems by ABC Technologies. A further announcement will be made as and when appropriate. This announcement has been made with the consent of ABC Technologies. In accordance with Rule 2.5(a) of the Code, ABC Technologies reserves the following rights: a) to introduce other forms of consideration and/or to vary the composition of the consideration;b) to make an offer for TI Fluid Systems at a lower value or on less favourable terms than those described in this announcement: i) with the recommendation or consent of the Board of TI Fluid Systems; ii) if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Proposal; and iii) following the announcement by TI Fluid Systems of a "whitewash" proposal; and c) to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion.お知らせ • Sep 18ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems plc (LSE:TIFS).ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for approximately £880 million on September 4, 2024. ABC Technologies made a revised proposal at £1.76 per share. As on August 22, 2024, ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for £1.65 per share and was rejected by the Board of TI Fluid Systems. The Possible Offer is subject to customary pre-conditions, including the satisfactory completion of due diligence. The transaction is subject to introduce other forms of consideration and/or to vary the composition of the consideration, with the recommendation or consent of the Board of TI Fluid Systems, if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Possible Offer, following the announcement by TI Fluid Systems of a "whitewash" proposal and to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion. Lazard, Goldman Sachs International and Peel Hunt LLP acted as advisors to TI Fluid Systems. ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems plc (LSE:TIFS) Early last week as on September 9, 2024. The Board of TI Fluid Systems considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate.お知らせ • Sep 17+ 1 more updateTI Fluid Systems Announces Response to Possible Offer Announcement by ABC TechnologiesThe board of TI Fluid Systems plc (LSE:TIFS) noted the recent announcement by ABC Technologies Inc., a company majority-owned by investment funds managed by Apollo Management IX, L.P., regarding a possible offer for the Company. The Board confirmed that on 4 September 2024, it received a second unsolicited, highly preliminary and non-binding all-cash proposal from ABC Technologies to acquire TI Fluid Systems at a price of 176 pence per TI Fluid Systems share (the ‘Proposal’). This followed a previous proposal at 165 pence per TI Fluid Systems share. The terms of the second proposal represent a premium of 20.7% to the closing share price of 145.8 pence on 13 September, prior to press speculation about a potential offer for the Company. The Board of TI Fluid Systems considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board is confident in the strategy and prospects of the Company. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate. In accordance with Rule 2.6(a) of the Code, ABC Technologies is required, by not later than 5.00 p.m. (London time) on 12 October 2024, either to announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code, or to announce that it does not intend to make an offer for TI Fluid Systems, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can only be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. This statement is being made by TI Fluid Systems without the consent of ABC Technologies.最新情報をもっと見るRecent updatesお知らせ • Apr 15+ 5 more updatesABC Technologies Inc. completed the acquisition of TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others.ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others for approximately £990 million on August 22, 2024. ABC Technologies made a revised proposal at £1.76 per share. As on November 28, 2024, Parties have reached non-binding letter of intent. As on November 29, 2024, Parties are pleased to announce that they have reached agreement. As on August 22, 2024, ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for £1.65 per share and was rejected by the Board of TI Fluid Systems. The Possible Offer is subject to customary pre-conditions, including the satisfactory completion of due diligence. The transaction is subject to introduce other forms of consideration and/or to vary the composition of the consideration, with the recommendation or consent of the Board of TI Fluid Systems, if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Possible Offer, following the announcement by TI Fluid Systems of a "whitewash" proposal and to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion. As of September 4, 2024, ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems early last week. As the Board of TI Fluid considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate. As of October 14, 2024, ABC Technologies subsequently submitted further all-cash proposals to acquire TI Fluid Systems at prices of £1.88 and £1.95 per share, both of which were rejected by the Board. Following limited access to management, on October 10, 2024, ABC Technologies submitted its fifth all-cash proposal to acquire TI Fluid Systems at a price of £2 per share, subject to the satisfaction or waiver of a number of pre-conditions, including completion of satisfactory due diligence and the agreement of definitive transaction documentation. The Acquisition values TI Fluid Systems’ entire issued, and to be issued, ordinary share capital at approximately £1,039 million on a fully diluted basis and implies an enterprise value of approximately £1,831 million. The Proposal represents a premium of approximately of 51.9% to the volume weighted average price of £1.317 for the 90-day period to 13 September 2024. In order to allow ABC Technologies to conclude due diligence, finalize financing and for the negotiation of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers (the "Takeover Panel") have consented to, an extension of the "Put Up or Shut Up" deadline. ABC Technologies is now required, by not later than November 8, 2024, to either announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer. As of November 8, 2024, in order to allow ABC Technologies to finalize its remaining confirmatory due diligence and financing, and for the finalization of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers have consented to, an extension of the PUSU Deadline. Consequently, ABC Technologies is now required, by not later than November 22, 2024, to either announce a firm intention to make an offer for TI Fluid Systems. There can be no certainty that a firm offer will ultimately be made for TI Fluid Systems by ABC Technologies. The Acquisition is currently expected to complete during the first half of 2025, subject to the satisfaction waiver of the Conditions. An expected timetable of key events relating to the Acquisition. The cash consideration payable to TI Fluid Systems Shareholders under the terms of the Acquisition will be financed by a combination of new equity financing to be provided by the Apollo Funds and Oaktree; and (b) a portion of the proceeds of third-party debt to be provided under an interim facilities agreement entered into between, inter alios, Bidco, ABC Group Intermediate Holdings Inc. As of December 17, 2024, TI Fluid Systems Board unanimously recommends that TI Fluid Shareholders vote or procure votes in favor of the Scheme. As of December 20, 2024, as a result, the total number of TI Fluid Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 163,942,442, representing approximately 33.04% of the issued ordinary share capital of TI Fluid Systems. As of December 24, 2024, in addition to the Original Interim Lenders, (i) Goldman Sachs Bank USA, (ii) JPMorgan Chase Bank, N.A., (iii) Fifth Third Bank, National Association, (iv) ING Capital LLC, (v) Natixis, New York Branch, and (vi) National Bank of Canada agreed to become lenders under the Interim Facilities Agreement by way of an amended and restated interim facilities agreement dated December 24, 2024 and the Commitment Papers and the Engagement Papers were amended accordingly to cater for the participation of the New Interim Lenders. Upon the Scheme becoming Effective, share certificates in respect of the TI Fluid Systems Shares will cease to be valid and will make an application to the London Stock Exchange for the cancellation of trading of the TI Fluid Systems Shares on the Main Market. TI Fluid will pay a Financial and corporate broking advice fee of £22.2 million, Legal advice fee of £12 million, Public relations advice fee of £0.4 million and Other professional services fee of £2.5 million. Bidco will pay a Financing arrangements fee of £120 million - £160.0 million, Financial and corporate broking advice fee of £17.0 million, Legal advice fee of £23 million, Accounting advice fee of £8 million, Public relations advice fee of £1 million and Other professional services fee of £5 million. As of January 10, 2024, the Offeror received a non-binding letter of intent from J O Hambro Capital Management Limited dated 28 November 2024, and therefore, the total number of TI Fluid Systems Shares which are subject to the J O Hambro Letter of Intent has reduced to zero TI Fluid Systems Shares. As a result, the total number of TI Fluid Systems Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 154,521,146, representing approximately 31.14%. of the issued ordinary share capital of TI Fluid Systems. As on January 24, 2025. the total number of TI Fluid Systems Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 147,644,851, representing approximately 29.75% of the issued ordinary share capital of TI Fluid Systems as at close of business on January 23, 2025. As of March 4, 2025, the European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of TI Fluid Systems plc of the UK by ABC Technologies Inc. of Canada. The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited combined market positions resulting from the proposed transaction. Richard Shaw, Keval Patel, Rory Anderson and Mohit Kohli of Lazard acted as financial advisors to ABC Technologies Inc. Nimesh Khiroya, Axel Hoefer, Tom Hartley and Ben Duell of Goldman Sachs International and Mike Bell, Marc Jones, Pete Mackie and Sam Cann of Peel Hunt LLP acted as advisors to TI Fluid Systems. Banco Santander acted as financial advisor for ABC. ABC Technologies Inc. completed the acquisition of TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others on April 15, 2025. Dealings in TI Fluid Systems Shares were suspended with effect from 7.30 a.m. today, 15 April 2025. Applications have been made to the Financial Conduct Authority and the London Stock Exchange in relation to the cancellation of the listing of TI Fluid Systems Shares on the equity shares (commercial companies) category of the Official List and the cancellation of the admission to trading of TI Fluid Systems Shares on the main market of the London Stock Exchange, which are each expected to take place at 8.00 a.m. tomorrow, 16 April 2025. All of the non-executive directors of TI Fluid Systems have resigned from the TI Fluid Systems Board. In line with the post-Effective Date leadership changes announced on 19 February 2025,with effect from today's date Hans Dieltjens has also resigned from the TI Fluid Systems Boardandstepped down from his role as President and CEO of TI Fluid Systems.お知らせ • Mar 31TI Fluid Systems Announces Cancellation of Listing and Admission to Trading of its Shares by 16 April 2025On 29 November 2024, the boards of directors of TI Fluid Systems plc (‘TI Fluid Systems’) and ABC Technologies Acquisitions Limited (‘Bidco’) announced that they had reached agreement on the terms of a recommended all cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of TI Fluid Systems (the ‘Acquisition’). The Acquisition is being implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the ‘Scheme’). The circular in relation to the Scheme was published or made available to TI Fluid Systems Shareholders on 17 December 2024 (the ‘Scheme Document’). On 5 February 2025, TI Fluid Systems and Bidco announced that the requisite majority of Scheme Shareholders had approved the Scheme at the Court Meeting and that the special resolution to, among other things, implement the Scheme was passed by the requisite majority of TI Fluid Systems Shareholders at the General Meeting. The Acquisition is subject to the Conditions set out in Part III of the Scheme Document, including the receipt of certain regulatory and antitrust approvals. TI Fluid Systems and Bidco are pleased to announce that the regulatory and antitrust processes are almost complete. The final Condition relating to the regulatory and antitrust approvals is expected to be satisfied in advance of the Court Hearing, scheduled for 8 April 2025. Accordingly, as is set out in more detail below, it is now expected that the Scheme will become Effective on 15 April 2025. Suspension of listing of and dealings in TI Fluid Systems Shares by 7.30 a.m. on 15 April 2025. Cancellation of listing and admission to trading of TI Fluid Systems Shares by 8.00 a.m. on 16 April 2025.お知らせ • Mar 12TI Fluid Systems plc Not Recommends Final Dividend for 2024TI Fluid Systems plc's Board is not recommending a final dividend for 2024.お知らせ • Oct 15ABC Technologies Submits Its Fifth All-Cash Proposal to Acquire TI Fluid SystemsOn 14 September 2024, the Board of TI Fluid Systems plc (LSE:TIFS) confirmed that it had received, and rejected, a highly preliminary and non-binding all-cash proposal from ABC Technologies Inc. ("ABC Technologies"), a company majority-owned by investment funds managed by Apollo Management IX, L.P., to acquire TI Fluid Systems at a price of 176 pence per share. This followed a previous proposal at 165 pence per share. ABC Technologies subsequently submitted further all-cash proposals to acquire TI Fluid Systems at prices of 188 and 195 pence per share, both of which were rejected by the Board. Following limited access to management, on 10 October 2024, ABC Technologies submitted its fifth all-cash proposal to acquire TI Fluid Systems at a price of 200 pence per share, subject to the satisfaction or waiver of a number of pre-conditions, including completion of satisfactory due diligence and the agreement of definitive transaction documentation (the "Proposal"). The Proposal represents a premium of approximately: 51.9% to the volume weighted average price of 131.7 pence for the 90-day period to 13 September 2024, being the last business day prior to the commencement of the offer period; 53.4% to the closing price of 130.4 pence on 21 August 2024, being the last business day prior to ABC Technologies submitting its first proposal to the TI Fluid Systems Board; and 37.2% to the closing price of 145.8 pence on 13 September 2024, being the last business day prior to the commencement of the offer period. The Company remains confident in its strategy. However, having considered the Proposal and having consulted with its financial and legal advisers, the Board has confirmed to ABC Technologies that, should a firm offer be made pursuant to Rule 2.7 of the Code on the same financial terms as the Proposal, it would be minded to recommend it to shareholders. In order to allow ABC Technologies to conclude due diligence, finalise financing and for the negotiation of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers (the "Takeover Panel") have consented to, an extension of the "Put Up or Shut Up" deadline. Consequently, in accordance with Rule 2.6(c) of the Code, ABC Technologies is now required, by not later than 5.00 p.m. (London time) on 8 November 2024 to either announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended by the Board of TI Fluid Systems, with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code. There can be no certainty that a firm offer will ultimately be made for TI Fluid Systems by ABC Technologies. A further announcement will be made as and when appropriate. This announcement has been made with the consent of ABC Technologies. In accordance with Rule 2.5(a) of the Code, ABC Technologies reserves the following rights: a) to introduce other forms of consideration and/or to vary the composition of the consideration;b) to make an offer for TI Fluid Systems at a lower value or on less favourable terms than those described in this announcement: i) with the recommendation or consent of the Board of TI Fluid Systems; ii) if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Proposal; and iii) following the announcement by TI Fluid Systems of a "whitewash" proposal; and c) to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion.お知らせ • Sep 18ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems plc (LSE:TIFS).ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for approximately £880 million on September 4, 2024. ABC Technologies made a revised proposal at £1.76 per share. As on August 22, 2024, ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for £1.65 per share and was rejected by the Board of TI Fluid Systems. The Possible Offer is subject to customary pre-conditions, including the satisfactory completion of due diligence. The transaction is subject to introduce other forms of consideration and/or to vary the composition of the consideration, with the recommendation or consent of the Board of TI Fluid Systems, if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Possible Offer, following the announcement by TI Fluid Systems of a "whitewash" proposal and to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion. Lazard, Goldman Sachs International and Peel Hunt LLP acted as advisors to TI Fluid Systems. ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems plc (LSE:TIFS) Early last week as on September 9, 2024. The Board of TI Fluid Systems considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate.お知らせ • Sep 17+ 1 more updateTI Fluid Systems Announces Response to Possible Offer Announcement by ABC TechnologiesThe board of TI Fluid Systems plc (LSE:TIFS) noted the recent announcement by ABC Technologies Inc., a company majority-owned by investment funds managed by Apollo Management IX, L.P., regarding a possible offer for the Company. The Board confirmed that on 4 September 2024, it received a second unsolicited, highly preliminary and non-binding all-cash proposal from ABC Technologies to acquire TI Fluid Systems at a price of 176 pence per TI Fluid Systems share (the ‘Proposal’). This followed a previous proposal at 165 pence per TI Fluid Systems share. The terms of the second proposal represent a premium of 20.7% to the closing share price of 145.8 pence on 13 September, prior to press speculation about a potential offer for the Company. The Board of TI Fluid Systems considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board is confident in the strategy and prospects of the Company. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate. In accordance with Rule 2.6(a) of the Code, ABC Technologies is required, by not later than 5.00 p.m. (London time) on 12 October 2024, either to announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code, or to announce that it does not intend to make an offer for TI Fluid Systems, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can only be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. This statement is being made by TI Fluid Systems without the consent of ABC Technologies.Declared Dividend • Aug 11First half dividend increased to €0.024Dividend of €0.024 is 4.8% higher than last year. Ex-date: 15th August 2024 Payment date: 13th September 2024 Dividend yield will be 5.0%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 31% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 10First half 2024 earnings released: EPS: €0.079 (vs €0.064 in 1H 2023)First half 2024 results: EPS: €0.079 (up from €0.064 in 1H 2023). Revenue: €1.72b (down 2.8% from 1H 2023). Net income: €40.1m (up 21% from 1H 2023). Profit margin: 2.3% (up from 1.9% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.お知らせ • Aug 08TI Fluid Systems plc Approves Interim Dividend, Payable on 13 September 2024TI Fluid Systems plc announced that the Board has approved a 4.3% increase on a per share basis in the interim dividend to €2.40 cents per share (H1 2023: 2.30 €cents). The dividend amount of 2.40 €cents will be converted from Euro to Sterling using the London closing spot rate on the record date of 16 August 2024 and the Sterling rate will be announced on 19 August 2024. The interim dividend will be paid on 13 September 2024 to holders of ordinary shares on the register on the record date.New Risk • Jul 26New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Shares are highly illiquid. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Board Change • Jul 26High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Alexander De Bock was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 29TI Fluid Systems plc Approves Final Cash Dividend for the Year Ending 31 December 2023, Payable on 21 June 2024On 12 March 2024, TI Fluid Systems plc announced that its Board intended to recommend to shareholders a final dividend of 4.53 Euro cents per ordinary share for the year ending 31 December 2023. Following shareholder approval at the 14 May 2024 Annual General Meeting, the dividend will be paid in sterling on 21 June 2024 (Payment Date) to holders of ordinary shares on the register on 24 May 2024 (Record Date).The approved dividend amount of 4.53 Euro cents was converted from Euro to Sterling using the London closing spot rate on the Record Date and 3.86 pence per ordinary share will be paid to record holders on the Payment Date.お知らせ • May 03TI Fluid Systems plc Provides Earnings Guidance for the Full Year 2024TI Fluid Systems plc provided earnings guidance for the full year 2024. The company is planning assumptions for a modest year-on-year industry volume decline are unchanged. The company expects flat to low-single digit constant currency revenue growth.お知らせ • Mar 28TI Fluid Systems plc has filed a Follow-on Equity Offering.TI Fluid Systems plc has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 30,000,000 Transaction Features: Subsequent Direct Listingお知らせ • Mar 14TI Fluid Systems plc Recommends Final DividendTI Fluid Systems plc intends to recommend a final dividend of 4.53 Euro cents per share, or €23.2 million.お知らせ • Mar 06TI Fluid Systems plc Announces Step Down of Susan Levine as Non-Executive DirectorTI Fluid Systems plc announced that Susan Levine, non-executive director, has informed the Board of her decision to step down as a director of the Company with effect from the end of the Company's upcoming 2024 Annual General Meeting, at which she will not stand for re-election. Ms. Levine, who is one of two nominees of BC Omega Holdco Ltd. ("Bain Capital"), will remain a director and member of the ESG Committee until that time. Bain Capital has informed the Board that it does not intend to nominate an additional person for appointment as a director to replace Ms. Levine but that it retains the right to nominate an additional person for appointment as a director under the terms of its relationship agreement with the Company dated 25 October 2017.Board Change • Dec 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Alexander De Bock was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 02TI Fluid Systems plc Provides Earnings Guidance for the Year 2023TI Fluid Systems plc provided earnings guidance for the year 2023. The company remain confident in full-year outlook for revenue outperformance.お知らせ • Sep 06TI Fluid Systems plc (LSE:TIFS) agreed to acquire Cascade Engineering Europe Termelo, Kereskedelmi Es Szolgaltato Korlatolt Felelossegu Tars for $27.7 million.TI Fluid Systems plc (LSE:TIFS) agreed to acquire Cascade Engineering Europe Termelo, Kereskedelmi Es Szolgaltato Korlatolt Felelossegu Tars for $27.7 million on September 5, 2023. TIFS will acquire CEE for a cash consideration of $27.7 million or about 6x estimated 2023 EBITDA excluding synergies. TIFS will welcome CEE's 349 dedicated employees and acquire the 6,500m2 manufacturing facility in Budapest, Hungary. The acquisition is subject to customary closing conditions and regulatory approval. The acquisition will be immediately accretive to the group's underlying earnings.お知らせ • Aug 11TI Fluid Systems plc Declares Interim Dividend, Payable on 15 September 2023On 8 August 2023, TI Fluid Systems plc announced that its Board had declared an interim dividend of 2.30 Euro cents per ordinary share based on the Group's financial position and prospects. The dividend will be paid in Sterling on 15 September 2023 to holders of ordinary shares on the register on the record date of 18 August 2023.お知らせ • Aug 09TI Fluid Systems plc, Annual General Meeting, May 14, 2024TI Fluid Systems plc, Annual General Meeting, May 14, 2024.お知らせ • Aug 08+ 1 more updateTI Fluid Systems plc to Report First Half, 2024 Results on Aug 08, 2024TI Fluid Systems plc announced that they will report first half, 2024 results on Aug 08, 2024Board Change • Jun 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Alexander De Bock was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 31TI Fluid Systems plc Approves Final Dividend for the Year Ended 31 December 2022, Payable on 23 June 2023On 16 March 2023, TI Fluid Systems plc announced that its board had recommended a final dividend of 1.54 Euro cents per ordinary share for the year ended 31 December 2022. Following shareholder approval at the AGM held on 16 May 2023, the dividend will be paid in sterling on 23 June 2023 (Payment Date) to holders of ordinary shares on the register on 26 May 2023 (Record Date).お知らせ • May 17TI Fluid Systems plc Elects Trudy Schoolenberg to Its Board of DirectorsTI Fluid Systems plc at its Annual General Meeting held on Tuesday, 16 May 2023, elected Trudy Schoolenberg to Its Board of Directors.お知らせ • Jan 18Ti Fluid Systems plc Provides Revenue Guidance for the Year Ended December 31, 2022TI Fluid Systems plc provides revenue guidance for the year ended December 31, 2022. For the year, the company expects revenue to be circa €3.26 billion at actual rates representing growth of approximately 10% compared to 2021. The Group did experience an unexpected negative sales impact in China during Fourth Quarter primarily due to the government's COVID policy changes which caused unexpected production shutdowns. This revenue growth is set against global light vehicle production (GLVP) volumes of 82.0 million units, an increase of 6.2% compared to 2021, with Group constant currency revenue growth anticipated to be behind GLVP growth by approximately 100 bps, mostly the result of the rapid transition of domestic Chinese OEMs to BEV platforms whichpresents a short term mix issue for the Group in that market.お知らせ • Dec 15TI Fluid Systems plc to Report Fiscal Year 2022 Results on Mar 16, 2023TI Fluid Systems plc announced that they will report fiscal year 2022 results on Mar 16, 2023Board Change • Nov 30High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Senior Independent Director Trudy Schoolenberg was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 09TI Fluid Systems plc, Annual General Meeting, May 17, 2023TI Fluid Systems plc, Annual General Meeting, May 17, 2023.お知らせ • Nov 03+ 4 more updatesTI Fluid Systems plc to Report Q2, 2023 Results on Aug 08, 2023TI Fluid Systems plc announced that they will report Q2, 2023 results on Aug 08, 2023お知らせ • Sep 07TI Fluid Systems plc Announces Dr. Trudy Schoolenberg to The BoardTI Fluid Systems plc announced that Dr. Trudy Schoolenberg has been appointed to the Board of the Company effective 5 September 2022. She will serve as its Senior Independent Director and has also been appointed to the Nomination Committee. Trudy currently serves on the boards of SPIE SA (Euronext Paris), Elementis plc (FTSE listed) and Accsys Technologies plc (AIM and Euronext listed). She was previously on the boards of Avantium N.V., Spirax-Sarco Engineering plc, Low and Bonar plc, and The Netherlands Petroleum Stockpiling Agency. Trudy has a Ph.D. in Technical Physics from the Delft University of Technology (Netherlands) and also holds a master's degree in Industrial Engineering.Board Change • Aug 12High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Jane Lodge was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Aug 10+ 1 more updateTI Fluid Systems plc Declares Interim Dividend, Payable on 16 September 2022On 9 August 2022, TI Fluid Systems plc announced that its Board had declared an interim dividend of 1.00 Euro cents per ordinary share based on the Group's financial position and prospects. The dividend will be paid in Sterling on 16 September 2022 to holders of ordinary shares on the register on the record date of 19 August 2022.Board Change • Jul 05High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Jane Lodge was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jun 07TI Fluid Systems plc Announces Directorate and Committee ChangesThe Board of TI Fluid Systems plc announced the appointment of Jane Lodge as an Independent Non-Executive Director of the Company effective 6 June 2022. She will also chair the Company's Audit & Risk Committee. Jane currently chairs the audit committees at FirstGroup plc and Bakkavor plc and chairs the remuneration committee at Glanbia plc. During the past ten years, Jane has also served on the boards of other leading companies in the FTSE 100 and 250 indices, including DCC plc, Costain Group plc, Devro plc, and Sirius Minerals plc. From 1976 to 2011, Jane held various management and leadership roles at Deloitte LLP, becoming a partner in 1986. As a lead audit partner, she worked predominately with multi-national businesses in the manufacturing, engineering, and industrial sectors, including a global automotive OEM. In conjunction with Jane's appointment and the Board's previously announced transition plan, Jeff Vanneste has stepped down from the Board effective 6 June 2022. In addition, the Board has approved the following changes to the composition of its committees with effect from 6 June 2022: Audit & Risk Committee: Jane Lodge has been appointed to the Committee and will serve as Chair (replacing Jeff Vanneste). The Audit & Risk Committee composition will, therefore, be Jane Lodge (Chair), John Smith and Elaine Sarsynski. Nomination Committee: Julie Baddeley has been appointed to the Committee (replacing Manfred Wennemer), and Tim Cobbold will serve as Chair. The Nomination Committee composition will, therefore, be Tim Cobbold (Chair), Julie Baddeley and Stephen Thomas. Remuneration Committee: Julie Baddeley and Jane Lodge have been appointed to the Committee (replacing Jeff Vanneste and Tim Cobbold), and John Smith will serve as Chair. The Remuneration Committee composition will, therefore, be John Smith (Chair), Julie Baddeley and Jane Lodge. ESG Steering Committee: Susan Levine has been appointed to the Committee. The ESG Steering Committee composition will, therefore, be Elaine Sarsynski (Chair), Julie Baddeley, Susan Levine, Hans Dieltjens and Ron Hundzinski.お知らせ • May 31TI Fluid Systems plc Approves Final Dividend for 2021, Payable on 23 June 2022On 15 March 2022, TI Fluid Systems plc announced that its Board had recommended a final dividend of 1.46 Euro cents per ordinary share for the year ending 31 December 2021. Following shareholder approval at the AGM held on 18 May 2022, the dividend will be paid in sterling on 23 June 2022 (Payment Date) to holders of ordinary shares on the register on 27 May 2022 (Record Date). The dividend amount of 1.46 Euro cents was converted from Euro to Sterling using the London closing spot rate on the record date and 1.24 pence per ordinary share will be paid on the payment date.Upcoming Dividend • May 19Upcoming dividend of €0.015 per shareEligible shareholders must have bought the stock before 26 May 2022. Payment date: 23 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (3.6%).お知らせ • May 18TI Fluid Systems plc Provides Revenue Guidance for the Full Year 2022TI Fluid Systems plc provided revenue guidance for the full year 2022. For the year, The company expects to achieve revenue outperformance and historical cash flow conversion with full year margins slightly below 2021 levels.Valuation Update With 7 Day Price Move • May 05Investor sentiment deteriorated over the past weekAfter last week's 27% share price decline to €1.81, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Auto Components industry in Germany. Total loss to shareholders of 26% over the past three years.Board Change • May 05High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CEO, President & Executive Director Hans Dieltjens was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 12Full year 2021 earnings released: EPS: €0.028 (vs €0.49 loss in FY 2020)Full year 2021 results: EPS: €0.028 (up from €0.49 loss in FY 2020). Revenue: €2.96b (up 5.0% from FY 2020). Net income: €14.3m (up €268.4m from FY 2020). Profit margin: 0.5% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 8.0%, compared to a 9.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Board Change • Apr 04High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CEO, President & Executive Director Hans Dieltjens was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 16Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.028 (up from €0.49 loss in FY 2020). Revenue: €2.96b (up 5.0% from FY 2020). Net income: €14.3m (up €268.4m from FY 2020). Profit margin: 0.5% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 8.9%, compared to a 8.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Board Change • Mar 10High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CEO, President & Executive Director Hans Dieltjens was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 22Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €2.78, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Auto Components industry in Germany. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.29 per share.Board Change • Nov 22High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CEO, President & Executive Director Hans Dieltjens was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jun 09TI Fluid Systems Supplies 2021 Hyundai Santa FE SUV Hybrid Electric Vehicle with New Product TechnologyTI Fluid Systems plc automotive fluid systems technology, has launched new fluid handling products for thermal coolant and fuel systems on the 2021 Hyundai Santa FE SUV hybrid electric vehicle (HEV). This Hyundai HEV application demonstrates the company's ability to optimize systems with light weight solutions for improved EV mode efficiency. The majority of applications for battery, motor drive and power electronics thermal management use complex rubber and aluminum line assemblies for coolant thermal loops. TI Fluid Systems has developed in-house a full range of multiple light-weight, multi-layer nylon plastic constructs, with associated quick connections for all vehicle operating temperatures. In this new Hyundai Santa Fe HEV application, TI Fluid Systems has collaborated with the OEM to fully switch the traditional chassis thermal loops to lightweight optimized materials. In addition to the coolant fluid carrying thermal loops, TI Fluid Systems' Fuel Tank and Delivery Systems (FTDS) division has launched their latest 'Light Pressurized Tank' (LPT) pressure resistant plastic fuel tank.お知らせ • May 29TI Fluid Systems Introduces New Integrated Thermal Manifold Assemblies for Electric VehiclesTI Fluid Systems introduced an innovative approach for coolant fluid management on electrified vehicles. The new technology is an Integrated Thermal Manifold assembly that provides a one-piece, light-weight, blow-molded plastic manifold to optimize complex line design and replaces multiple line bundle assemblies of thermal loops for heating and cooling on next generation of electric vehicles. Current EVs typically use multiple complex rubber, aluminum or multi-layer plastic lines that are packaged tightly together under hood or chassis mounted. TI Fluid Systems has developed the ability to evolve their Fuel Tank and Delivery Systems (FTDS) division fuel tank blow molding technology to produce a one piece integrated thermal 'manifold' (ITMa) approach. This single piece blow molded plastic manifold has significant OEM EV value: improved flow performance for efficiency gains, lower part count for sub and final vehicle assembly, with lower weight and reduced investment tooling costs. In addition to the ITMa coolant 'fluid carrying' design, TI Fluid Systems' FTDS division has demonstrated further integration potential for 'fluid storage' (coolant reservoir expansion tank), 'fluid temp control' (heat exchangers/sensors) and 'fluid delivery' (pumps), for a very compact module solution. Much like a fuel delivery module, these integrated thermal modular assemblies are very bespoke to each OEM vehicle or application and can be engineered for various system types of multiple thermal loops. TI Fluid Systems has received their first ITMa global EV platform application release for model year 2023 introduction with a leading high-volume European OEM.Executive Departure • May 15Independent Non-Executive Director has left the companyOn the 13th of May, Andrea Dunstan's tenure as Independent Non-Executive Director ended after 2.2 years in the role. We don't have any record of a personal shareholding under Andrea's name. Andrea is the only executive to leave the company over the last 12 months.お知らせ • May 12TI Fluid Systems plc Reaffirms Earnings Guidance for the Year 2021TI Fluid Systems plc reaffirmed earnings guidance for the year 2021. The Group has made a strong start to the year and the outlook guidance issued on 16 March 2021 remains unchanged.Reported Earnings • Mar 18Full year 2020 earnings released: €0.49 loss per share (vs €0.27 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €2.81b (down 18% from FY 2019). Net loss: €254.1m (down 279% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Mar 17TI Fluid Systems plc Provides Financial Outlook for 2021TI Fluid Systems plc provided financial outlook for 2021. Given the recent market trends, the company expects to continue the historic level of revenue outperformance at constant currency to be above global automotive production levels.お知らせ • Mar 12TI Fluid Systems plc Announces Board and Remuneration Committee ChangesTI Fluid Systems plc announced that Andrea Dunstan, independent non-executive director, has informed the Board of her decision to step down as a director of the Company with effect from the end of the Company's upcoming 2021 Annual General Meeting, at which she will not stand for re-election. Andrea will remain as Chair of the Remuneration Committee until that time. Tim Cobbold, Senior Independent Director, will join the Remuneration Committee with immediate effect.Is New 90 Day High Low • Mar 09New 90-day high: €3.04The company is up 20% from its price of €2.54 on 08 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.72 per share.お知らせ • Feb 18+ 1 more updateTI Fluid Systems plc Announces Executive ChangesTI Fluid Systems announced that William L. Kozyra will retire as Chief Executive Officer in the fourth quarter of this year, following an orderly transition to his successor, Hans Dieltjens. Hans Dieltjens will take on the role of Chief Executive Officer concurrent with Bill's retirement.Is New 90 Day High Low • Feb 09New 90-day high: €2.86The company is up 24% from its price of €2.30 on 10 November 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.27 per share.お知らせ • Jan 31TI Fluid Systems Launches Innovative HEV Plastic Fuel Tank Technology With VolkswagenTI Fluid Systems announced that it will provide a new generation of plastic fuel tank design capable of meeting the stringent pressure demands within a hybrid electric vehicle (HEV) vehicle. This plastic fuel tank recently launched in volume production with Volkswagen China on the Passat and Magotan Plug-in Hybrid Electric Vehicle (PHEV) models, with a planned adoption across a wider range of global platforms. This innovative technology represents the culmination of extensive design and collaborative development, including rigorous testing and vehicle evaluations by VW and TIFS development teams across China and Europe. Traditionally, conventional fuel tanks operate at atmospheric pressure, however, the new generation HEV models are expected to resist cyclic pressure up to 400 mbar when in certain full electric driving modes. To resist in-tank pressure, the new design solution introduces over-molded ball pins with snap-fit column structures that use TIFS's patented split parison blow molding manufacturing process. TIFS has confirmed that the technology release provides a light-weight plastic solution for HEVs that overcomes the disadvantages of competitor internal tank welded structures.お知らせ • Jan 25TI Fluid Systems plc to Report Fiscal Year 2020 Results on Mar 16, 2021TI Fluid Systems plc announced that they will report fiscal year 2020 results on Mar 16, 2021Is New 90 Day High Low • Jan 21New 90-day high: €2.69The company is up 28% from its price of €2.09 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.67 per share.お知らせ • Jan 06+ 2 more updatesTI Fluid Systems plc to Report Q3, 2021 Results on Nov 04, 2021TI Fluid Systems plc announced that they will report Q3, 2021 results on Nov 04, 2021お知らせ • Dec 17TI Fluid Systems plc to Supply Hyundai BEV Family of Vehicles with Thermal Coolant Fluid Carrying SystemsTI Fluid Systems announced that it will provide thermal coolant fluid carrying loops for a large family of Hyundai, Kia and Genesis brand vehicles, starting with the NE EV, a new battery electric compact crossover based on the futuristic "45" concept vehicle. Starting in January, coolant fluid carrying systems will be supplied by TI Fluid Systems across eight different Hyundai battery electric vehicle platforms, all produced in South Korea. The new fluid carrying products apply innovative approach for light weight and optimized engineered polymer lines produced from nearly 100% nylon material along with quick connectors that are molded, formed and assembled in various diameter sizes for the battery and motor drive thermal management. Hyundai plans to expand their BEV lineup to 25 vehicles by 2025, the first of which is launching in January 2021. TI Fluid Systems will be providing the brake line bundles for the new BEV models as well as the fuel tank assemblies and fuel lines for several current Hyundai hybrid EV models. TI Fluid Systems has been a longtime supplier to Hyundai, providing brake and fuel systems, fuel tank and delivery systems, powertrain systems and thermal management systems to more than 50 different Hyundai vehicle lines worldwide.お知らせ • Nov 07TI Fluid Systems Supplies Volkswagen ID.3 And ID.4 Battery Electric Vehicles With Industry-First Thermal TechnologyTI Fluid Systems has started high volume production of new thermal products, assemblies and technology for the new Volkswagen ID.3 and ID.4 battery electric vehicles. The ID.3 is a compact hatchback and the first production model based on the modular electric drive matrix (MEB) from Volkswagen. The release of the ID.4, an electric compact SUV, will follow. This new application of heat pump technology using R744 (also called CO2) refrigerant provides both heating and cooling for the cabin comfort and operates at a higher efficiency in certain conditions for significant battery range extension. TI Fluid Systems assembles the heat pump module with the electronic valves, accumulator, bracket, and chiller with associated high pressure aluminum lines. The heat pump valve assembly are supplied from the company's Jablonec Plant in the Czech Republic. The company will also be supplying the Chassis Thermal Coolant Loop Line Assemblies that are manufactured in various materials including lightweight engineered polymers. TIFS has commissioned a new plant in Tangier, Morocco for the battery electric vehicle market. This plant supplies the finished hoses to Tauste, Spain for final assembly and verification test.お知らせ • Aug 23TI Fluid Systems plc Not Provides Earnings Guidance for 2020TI Fluid Systems plc not provided earnings guidance for 2020. The company will not be providing an outlook for the full year 2020.株主還元TI1DE Auto ComponentsDE 市場7D0%6.3%2.8%1Yn/a9.1%1.4%株主還元を見る業界別リターン: TI1がGerman Auto Components業界に対してどのようなパフォーマンスを示したかを判断するにはデータが不十分です。リターン対市場: TI1 German市場に対してどのようなパフォーマンスを示したかを判断するにはデータが不十分です。価格変動Is TI1's price volatile compared to industry and market?TI1 volatilityTI1 Average Weekly Movementn/aAuto Components Industry Average Movement6.1%Market Average Movement6.0%10% most volatile stocks in DE Market12.8%10% least volatile stocks in DE Market2.7%安定した株価: TI1の株価は、 German市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 過去 1 年間のTI1のボラティリティの変化を判断するには データが不十分です。会社概要設立従業員CEO（最高経営責任者ウェブサイト192227,600Hans Frans Dieltjenstifluidsystems.com欧州、アフリカ、アジア太平洋、北米、中南米で熱流体システムソリューションの設計、製造、販売を行う。流体搬送システム（Fluid Carrying Systems：FCS）と燃料タンク・搬送システム（Fuel Tank and Delivery Systems：FTDS）の2つのセグメントで事業を展開している。FCS事業では、ブレーキ・燃料ラインとバンドル、HEVとBEVの加熱・冷却ラインを含む熱管理流体システム、パワートレインコンポーネントとクイックコネクターを提供している。FTDSセグメントは、プラスチック燃料タンク、フィラーパイプ、ポンプとモジュール、レベルセンサーを提供している。また、冷媒ラインと冷媒モジュール、バッテリー、エレクトロニクス、モータードライブを含むサーマルループアッセンブリー、HVAC、統合熱管理製品、コネクター、多層低透過プラスチックチューブ、高圧スチールダブルウォールおよびシングルウォールチューブ、タンクとモジュール関連製品も提供している。TI フルード・システムズ plc は 1922 年に設立され、英国オックスフォードに本社を置く。もっと見るTI Fluid Systems plc 基礎のまとめTI Fluid Systems の収益と売上を時価総額と比較するとどうか。TI1 基礎統計学時価総額€1.14b収益（TTM）€32.30m売上高(TTM)€3.36b35.3xPER（株価収益率0.3xP/SレシオTI1 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計TI1 損益計算書（TTM）収益€3.36b売上原価€2.96b売上総利益€396.80mその他の費用€364.50m収益€32.30m直近の収益報告Dec 31, 2024次回決算日該当なし一株当たり利益（EPS）0.066グロス・マージン11.81%純利益率0.96%有利子負債／自己資本比率151.1%TI1 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2025/04/14 10:37終値2025/04/04 00:00収益2024/12/31年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋TI Fluid Systems plc 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Sanjay BhagwaniCitigroup IncStefan BurgstallerGoldman SachsMichael TyndallHSBC
お知らせ • Apr 15+ 5 more updatesABC Technologies Inc. completed the acquisition of TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others.ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others for approximately £990 million on August 22, 2024. ABC Technologies made a revised proposal at £1.76 per share. As on November 28, 2024, Parties have reached non-binding letter of intent. As on November 29, 2024, Parties are pleased to announce that they have reached agreement. As on August 22, 2024, ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for £1.65 per share and was rejected by the Board of TI Fluid Systems. The Possible Offer is subject to customary pre-conditions, including the satisfactory completion of due diligence. The transaction is subject to introduce other forms of consideration and/or to vary the composition of the consideration, with the recommendation or consent of the Board of TI Fluid Systems, if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Possible Offer, following the announcement by TI Fluid Systems of a "whitewash" proposal and to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion. As of September 4, 2024, ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems early last week. As the Board of TI Fluid considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate. As of October 14, 2024, ABC Technologies subsequently submitted further all-cash proposals to acquire TI Fluid Systems at prices of £1.88 and £1.95 per share, both of which were rejected by the Board. Following limited access to management, on October 10, 2024, ABC Technologies submitted its fifth all-cash proposal to acquire TI Fluid Systems at a price of £2 per share, subject to the satisfaction or waiver of a number of pre-conditions, including completion of satisfactory due diligence and the agreement of definitive transaction documentation. The Acquisition values TI Fluid Systems’ entire issued, and to be issued, ordinary share capital at approximately £1,039 million on a fully diluted basis and implies an enterprise value of approximately £1,831 million. The Proposal represents a premium of approximately of 51.9% to the volume weighted average price of £1.317 for the 90-day period to 13 September 2024. In order to allow ABC Technologies to conclude due diligence, finalize financing and for the negotiation of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers (the "Takeover Panel") have consented to, an extension of the "Put Up or Shut Up" deadline. ABC Technologies is now required, by not later than November 8, 2024, to either announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer. As of November 8, 2024, in order to allow ABC Technologies to finalize its remaining confirmatory due diligence and financing, and for the finalization of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers have consented to, an extension of the PUSU Deadline. Consequently, ABC Technologies is now required, by not later than November 22, 2024, to either announce a firm intention to make an offer for TI Fluid Systems. There can be no certainty that a firm offer will ultimately be made for TI Fluid Systems by ABC Technologies. The Acquisition is currently expected to complete during the first half of 2025, subject to the satisfaction waiver of the Conditions. An expected timetable of key events relating to the Acquisition. The cash consideration payable to TI Fluid Systems Shareholders under the terms of the Acquisition will be financed by a combination of new equity financing to be provided by the Apollo Funds and Oaktree; and (b) a portion of the proceeds of third-party debt to be provided under an interim facilities agreement entered into between, inter alios, Bidco, ABC Group Intermediate Holdings Inc. As of December 17, 2024, TI Fluid Systems Board unanimously recommends that TI Fluid Shareholders vote or procure votes in favor of the Scheme. As of December 20, 2024, as a result, the total number of TI Fluid Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 163,942,442, representing approximately 33.04% of the issued ordinary share capital of TI Fluid Systems. As of December 24, 2024, in addition to the Original Interim Lenders, (i) Goldman Sachs Bank USA, (ii) JPMorgan Chase Bank, N.A., (iii) Fifth Third Bank, National Association, (iv) ING Capital LLC, (v) Natixis, New York Branch, and (vi) National Bank of Canada agreed to become lenders under the Interim Facilities Agreement by way of an amended and restated interim facilities agreement dated December 24, 2024 and the Commitment Papers and the Engagement Papers were amended accordingly to cater for the participation of the New Interim Lenders. Upon the Scheme becoming Effective, share certificates in respect of the TI Fluid Systems Shares will cease to be valid and will make an application to the London Stock Exchange for the cancellation of trading of the TI Fluid Systems Shares on the Main Market. TI Fluid will pay a Financial and corporate broking advice fee of £22.2 million, Legal advice fee of £12 million, Public relations advice fee of £0.4 million and Other professional services fee of £2.5 million. Bidco will pay a Financing arrangements fee of £120 million - £160.0 million, Financial and corporate broking advice fee of £17.0 million, Legal advice fee of £23 million, Accounting advice fee of £8 million, Public relations advice fee of £1 million and Other professional services fee of £5 million. As of January 10, 2024, the Offeror received a non-binding letter of intent from J O Hambro Capital Management Limited dated 28 November 2024, and therefore, the total number of TI Fluid Systems Shares which are subject to the J O Hambro Letter of Intent has reduced to zero TI Fluid Systems Shares. As a result, the total number of TI Fluid Systems Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 154,521,146, representing approximately 31.14%. of the issued ordinary share capital of TI Fluid Systems. As on January 24, 2025. the total number of TI Fluid Systems Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 147,644,851, representing approximately 29.75% of the issued ordinary share capital of TI Fluid Systems as at close of business on January 23, 2025. As of March 4, 2025, the European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of TI Fluid Systems plc of the UK by ABC Technologies Inc. of Canada. The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited combined market positions resulting from the proposed transaction. Richard Shaw, Keval Patel, Rory Anderson and Mohit Kohli of Lazard acted as financial advisors to ABC Technologies Inc. Nimesh Khiroya, Axel Hoefer, Tom Hartley and Ben Duell of Goldman Sachs International and Mike Bell, Marc Jones, Pete Mackie and Sam Cann of Peel Hunt LLP acted as advisors to TI Fluid Systems. Banco Santander acted as financial advisor for ABC. ABC Technologies Inc. completed the acquisition of TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others on April 15, 2025. Dealings in TI Fluid Systems Shares were suspended with effect from 7.30 a.m. today, 15 April 2025. Applications have been made to the Financial Conduct Authority and the London Stock Exchange in relation to the cancellation of the listing of TI Fluid Systems Shares on the equity shares (commercial companies) category of the Official List and the cancellation of the admission to trading of TI Fluid Systems Shares on the main market of the London Stock Exchange, which are each expected to take place at 8.00 a.m. tomorrow, 16 April 2025. All of the non-executive directors of TI Fluid Systems have resigned from the TI Fluid Systems Board. In line with the post-Effective Date leadership changes announced on 19 February 2025,with effect from today's date Hans Dieltjens has also resigned from the TI Fluid Systems Boardandstepped down from his role as President and CEO of TI Fluid Systems.
お知らせ • Mar 31TI Fluid Systems Announces Cancellation of Listing and Admission to Trading of its Shares by 16 April 2025On 29 November 2024, the boards of directors of TI Fluid Systems plc (‘TI Fluid Systems’) and ABC Technologies Acquisitions Limited (‘Bidco’) announced that they had reached agreement on the terms of a recommended all cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of TI Fluid Systems (the ‘Acquisition’). The Acquisition is being implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the ‘Scheme’). The circular in relation to the Scheme was published or made available to TI Fluid Systems Shareholders on 17 December 2024 (the ‘Scheme Document’). On 5 February 2025, TI Fluid Systems and Bidco announced that the requisite majority of Scheme Shareholders had approved the Scheme at the Court Meeting and that the special resolution to, among other things, implement the Scheme was passed by the requisite majority of TI Fluid Systems Shareholders at the General Meeting. The Acquisition is subject to the Conditions set out in Part III of the Scheme Document, including the receipt of certain regulatory and antitrust approvals. TI Fluid Systems and Bidco are pleased to announce that the regulatory and antitrust processes are almost complete. The final Condition relating to the regulatory and antitrust approvals is expected to be satisfied in advance of the Court Hearing, scheduled for 8 April 2025. Accordingly, as is set out in more detail below, it is now expected that the Scheme will become Effective on 15 April 2025. Suspension of listing of and dealings in TI Fluid Systems Shares by 7.30 a.m. on 15 April 2025. Cancellation of listing and admission to trading of TI Fluid Systems Shares by 8.00 a.m. on 16 April 2025.
お知らせ • Mar 12TI Fluid Systems plc Not Recommends Final Dividend for 2024TI Fluid Systems plc's Board is not recommending a final dividend for 2024.
お知らせ • Oct 15ABC Technologies Submits Its Fifth All-Cash Proposal to Acquire TI Fluid SystemsOn 14 September 2024, the Board of TI Fluid Systems plc (LSE:TIFS) confirmed that it had received, and rejected, a highly preliminary and non-binding all-cash proposal from ABC Technologies Inc. ("ABC Technologies"), a company majority-owned by investment funds managed by Apollo Management IX, L.P., to acquire TI Fluid Systems at a price of 176 pence per share. This followed a previous proposal at 165 pence per share. ABC Technologies subsequently submitted further all-cash proposals to acquire TI Fluid Systems at prices of 188 and 195 pence per share, both of which were rejected by the Board. Following limited access to management, on 10 October 2024, ABC Technologies submitted its fifth all-cash proposal to acquire TI Fluid Systems at a price of 200 pence per share, subject to the satisfaction or waiver of a number of pre-conditions, including completion of satisfactory due diligence and the agreement of definitive transaction documentation (the "Proposal"). The Proposal represents a premium of approximately: 51.9% to the volume weighted average price of 131.7 pence for the 90-day period to 13 September 2024, being the last business day prior to the commencement of the offer period; 53.4% to the closing price of 130.4 pence on 21 August 2024, being the last business day prior to ABC Technologies submitting its first proposal to the TI Fluid Systems Board; and 37.2% to the closing price of 145.8 pence on 13 September 2024, being the last business day prior to the commencement of the offer period. The Company remains confident in its strategy. However, having considered the Proposal and having consulted with its financial and legal advisers, the Board has confirmed to ABC Technologies that, should a firm offer be made pursuant to Rule 2.7 of the Code on the same financial terms as the Proposal, it would be minded to recommend it to shareholders. In order to allow ABC Technologies to conclude due diligence, finalise financing and for the negotiation of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers (the "Takeover Panel") have consented to, an extension of the "Put Up or Shut Up" deadline. Consequently, in accordance with Rule 2.6(c) of the Code, ABC Technologies is now required, by not later than 5.00 p.m. (London time) on 8 November 2024 to either announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended by the Board of TI Fluid Systems, with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code. There can be no certainty that a firm offer will ultimately be made for TI Fluid Systems by ABC Technologies. A further announcement will be made as and when appropriate. This announcement has been made with the consent of ABC Technologies. In accordance with Rule 2.5(a) of the Code, ABC Technologies reserves the following rights: a) to introduce other forms of consideration and/or to vary the composition of the consideration;b) to make an offer for TI Fluid Systems at a lower value or on less favourable terms than those described in this announcement: i) with the recommendation or consent of the Board of TI Fluid Systems; ii) if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Proposal; and iii) following the announcement by TI Fluid Systems of a "whitewash" proposal; and c) to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion.
お知らせ • Sep 18ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems plc (LSE:TIFS).ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for approximately £880 million on September 4, 2024. ABC Technologies made a revised proposal at £1.76 per share. As on August 22, 2024, ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for £1.65 per share and was rejected by the Board of TI Fluid Systems. The Possible Offer is subject to customary pre-conditions, including the satisfactory completion of due diligence. The transaction is subject to introduce other forms of consideration and/or to vary the composition of the consideration, with the recommendation or consent of the Board of TI Fluid Systems, if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Possible Offer, following the announcement by TI Fluid Systems of a "whitewash" proposal and to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion. Lazard, Goldman Sachs International and Peel Hunt LLP acted as advisors to TI Fluid Systems. ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems plc (LSE:TIFS) Early last week as on September 9, 2024. The Board of TI Fluid Systems considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate.
お知らせ • Sep 17+ 1 more updateTI Fluid Systems Announces Response to Possible Offer Announcement by ABC TechnologiesThe board of TI Fluid Systems plc (LSE:TIFS) noted the recent announcement by ABC Technologies Inc., a company majority-owned by investment funds managed by Apollo Management IX, L.P., regarding a possible offer for the Company. The Board confirmed that on 4 September 2024, it received a second unsolicited, highly preliminary and non-binding all-cash proposal from ABC Technologies to acquire TI Fluid Systems at a price of 176 pence per TI Fluid Systems share (the ‘Proposal’). This followed a previous proposal at 165 pence per TI Fluid Systems share. The terms of the second proposal represent a premium of 20.7% to the closing share price of 145.8 pence on 13 September, prior to press speculation about a potential offer for the Company. The Board of TI Fluid Systems considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board is confident in the strategy and prospects of the Company. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate. In accordance with Rule 2.6(a) of the Code, ABC Technologies is required, by not later than 5.00 p.m. (London time) on 12 October 2024, either to announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code, or to announce that it does not intend to make an offer for TI Fluid Systems, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can only be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. This statement is being made by TI Fluid Systems without the consent of ABC Technologies.
お知らせ • Apr 15+ 5 more updatesABC Technologies Inc. completed the acquisition of TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others.ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others for approximately £990 million on August 22, 2024. ABC Technologies made a revised proposal at £1.76 per share. As on November 28, 2024, Parties have reached non-binding letter of intent. As on November 29, 2024, Parties are pleased to announce that they have reached agreement. As on August 22, 2024, ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for £1.65 per share and was rejected by the Board of TI Fluid Systems. The Possible Offer is subject to customary pre-conditions, including the satisfactory completion of due diligence. The transaction is subject to introduce other forms of consideration and/or to vary the composition of the consideration, with the recommendation or consent of the Board of TI Fluid Systems, if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Possible Offer, following the announcement by TI Fluid Systems of a "whitewash" proposal and to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion. As of September 4, 2024, ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems early last week. As the Board of TI Fluid considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate. As of October 14, 2024, ABC Technologies subsequently submitted further all-cash proposals to acquire TI Fluid Systems at prices of £1.88 and £1.95 per share, both of which were rejected by the Board. Following limited access to management, on October 10, 2024, ABC Technologies submitted its fifth all-cash proposal to acquire TI Fluid Systems at a price of £2 per share, subject to the satisfaction or waiver of a number of pre-conditions, including completion of satisfactory due diligence and the agreement of definitive transaction documentation. The Acquisition values TI Fluid Systems’ entire issued, and to be issued, ordinary share capital at approximately £1,039 million on a fully diluted basis and implies an enterprise value of approximately £1,831 million. The Proposal represents a premium of approximately of 51.9% to the volume weighted average price of £1.317 for the 90-day period to 13 September 2024. In order to allow ABC Technologies to conclude due diligence, finalize financing and for the negotiation of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers (the "Takeover Panel") have consented to, an extension of the "Put Up or Shut Up" deadline. ABC Technologies is now required, by not later than November 8, 2024, to either announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer. As of November 8, 2024, in order to allow ABC Technologies to finalize its remaining confirmatory due diligence and financing, and for the finalization of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers have consented to, an extension of the PUSU Deadline. Consequently, ABC Technologies is now required, by not later than November 22, 2024, to either announce a firm intention to make an offer for TI Fluid Systems. There can be no certainty that a firm offer will ultimately be made for TI Fluid Systems by ABC Technologies. The Acquisition is currently expected to complete during the first half of 2025, subject to the satisfaction waiver of the Conditions. An expected timetable of key events relating to the Acquisition. The cash consideration payable to TI Fluid Systems Shareholders under the terms of the Acquisition will be financed by a combination of new equity financing to be provided by the Apollo Funds and Oaktree; and (b) a portion of the proceeds of third-party debt to be provided under an interim facilities agreement entered into between, inter alios, Bidco, ABC Group Intermediate Holdings Inc. As of December 17, 2024, TI Fluid Systems Board unanimously recommends that TI Fluid Shareholders vote or procure votes in favor of the Scheme. As of December 20, 2024, as a result, the total number of TI Fluid Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 163,942,442, representing approximately 33.04% of the issued ordinary share capital of TI Fluid Systems. As of December 24, 2024, in addition to the Original Interim Lenders, (i) Goldman Sachs Bank USA, (ii) JPMorgan Chase Bank, N.A., (iii) Fifth Third Bank, National Association, (iv) ING Capital LLC, (v) Natixis, New York Branch, and (vi) National Bank of Canada agreed to become lenders under the Interim Facilities Agreement by way of an amended and restated interim facilities agreement dated December 24, 2024 and the Commitment Papers and the Engagement Papers were amended accordingly to cater for the participation of the New Interim Lenders. Upon the Scheme becoming Effective, share certificates in respect of the TI Fluid Systems Shares will cease to be valid and will make an application to the London Stock Exchange for the cancellation of trading of the TI Fluid Systems Shares on the Main Market. TI Fluid will pay a Financial and corporate broking advice fee of £22.2 million, Legal advice fee of £12 million, Public relations advice fee of £0.4 million and Other professional services fee of £2.5 million. Bidco will pay a Financing arrangements fee of £120 million - £160.0 million, Financial and corporate broking advice fee of £17.0 million, Legal advice fee of £23 million, Accounting advice fee of £8 million, Public relations advice fee of £1 million and Other professional services fee of £5 million. As of January 10, 2024, the Offeror received a non-binding letter of intent from J O Hambro Capital Management Limited dated 28 November 2024, and therefore, the total number of TI Fluid Systems Shares which are subject to the J O Hambro Letter of Intent has reduced to zero TI Fluid Systems Shares. As a result, the total number of TI Fluid Systems Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 154,521,146, representing approximately 31.14%. of the issued ordinary share capital of TI Fluid Systems. As on January 24, 2025. the total number of TI Fluid Systems Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 147,644,851, representing approximately 29.75% of the issued ordinary share capital of TI Fluid Systems as at close of business on January 23, 2025. As of March 4, 2025, the European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of TI Fluid Systems plc of the UK by ABC Technologies Inc. of Canada. The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited combined market positions resulting from the proposed transaction. Richard Shaw, Keval Patel, Rory Anderson and Mohit Kohli of Lazard acted as financial advisors to ABC Technologies Inc. Nimesh Khiroya, Axel Hoefer, Tom Hartley and Ben Duell of Goldman Sachs International and Mike Bell, Marc Jones, Pete Mackie and Sam Cann of Peel Hunt LLP acted as advisors to TI Fluid Systems. Banco Santander acted as financial advisor for ABC. ABC Technologies Inc. completed the acquisition of TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others on April 15, 2025. Dealings in TI Fluid Systems Shares were suspended with effect from 7.30 a.m. today, 15 April 2025. Applications have been made to the Financial Conduct Authority and the London Stock Exchange in relation to the cancellation of the listing of TI Fluid Systems Shares on the equity shares (commercial companies) category of the Official List and the cancellation of the admission to trading of TI Fluid Systems Shares on the main market of the London Stock Exchange, which are each expected to take place at 8.00 a.m. tomorrow, 16 April 2025. All of the non-executive directors of TI Fluid Systems have resigned from the TI Fluid Systems Board. In line with the post-Effective Date leadership changes announced on 19 February 2025,with effect from today's date Hans Dieltjens has also resigned from the TI Fluid Systems Boardandstepped down from his role as President and CEO of TI Fluid Systems.
お知らせ • Mar 31TI Fluid Systems Announces Cancellation of Listing and Admission to Trading of its Shares by 16 April 2025On 29 November 2024, the boards of directors of TI Fluid Systems plc (‘TI Fluid Systems’) and ABC Technologies Acquisitions Limited (‘Bidco’) announced that they had reached agreement on the terms of a recommended all cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of TI Fluid Systems (the ‘Acquisition’). The Acquisition is being implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the ‘Scheme’). The circular in relation to the Scheme was published or made available to TI Fluid Systems Shareholders on 17 December 2024 (the ‘Scheme Document’). On 5 February 2025, TI Fluid Systems and Bidco announced that the requisite majority of Scheme Shareholders had approved the Scheme at the Court Meeting and that the special resolution to, among other things, implement the Scheme was passed by the requisite majority of TI Fluid Systems Shareholders at the General Meeting. The Acquisition is subject to the Conditions set out in Part III of the Scheme Document, including the receipt of certain regulatory and antitrust approvals. TI Fluid Systems and Bidco are pleased to announce that the regulatory and antitrust processes are almost complete. The final Condition relating to the regulatory and antitrust approvals is expected to be satisfied in advance of the Court Hearing, scheduled for 8 April 2025. Accordingly, as is set out in more detail below, it is now expected that the Scheme will become Effective on 15 April 2025. Suspension of listing of and dealings in TI Fluid Systems Shares by 7.30 a.m. on 15 April 2025. Cancellation of listing and admission to trading of TI Fluid Systems Shares by 8.00 a.m. on 16 April 2025.
お知らせ • Mar 12TI Fluid Systems plc Not Recommends Final Dividend for 2024TI Fluid Systems plc's Board is not recommending a final dividend for 2024.
お知らせ • Oct 15ABC Technologies Submits Its Fifth All-Cash Proposal to Acquire TI Fluid SystemsOn 14 September 2024, the Board of TI Fluid Systems plc (LSE:TIFS) confirmed that it had received, and rejected, a highly preliminary and non-binding all-cash proposal from ABC Technologies Inc. ("ABC Technologies"), a company majority-owned by investment funds managed by Apollo Management IX, L.P., to acquire TI Fluid Systems at a price of 176 pence per share. This followed a previous proposal at 165 pence per share. ABC Technologies subsequently submitted further all-cash proposals to acquire TI Fluid Systems at prices of 188 and 195 pence per share, both of which were rejected by the Board. Following limited access to management, on 10 October 2024, ABC Technologies submitted its fifth all-cash proposal to acquire TI Fluid Systems at a price of 200 pence per share, subject to the satisfaction or waiver of a number of pre-conditions, including completion of satisfactory due diligence and the agreement of definitive transaction documentation (the "Proposal"). The Proposal represents a premium of approximately: 51.9% to the volume weighted average price of 131.7 pence for the 90-day period to 13 September 2024, being the last business day prior to the commencement of the offer period; 53.4% to the closing price of 130.4 pence on 21 August 2024, being the last business day prior to ABC Technologies submitting its first proposal to the TI Fluid Systems Board; and 37.2% to the closing price of 145.8 pence on 13 September 2024, being the last business day prior to the commencement of the offer period. The Company remains confident in its strategy. However, having considered the Proposal and having consulted with its financial and legal advisers, the Board has confirmed to ABC Technologies that, should a firm offer be made pursuant to Rule 2.7 of the Code on the same financial terms as the Proposal, it would be minded to recommend it to shareholders. In order to allow ABC Technologies to conclude due diligence, finalise financing and for the negotiation of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers (the "Takeover Panel") have consented to, an extension of the "Put Up or Shut Up" deadline. Consequently, in accordance with Rule 2.6(c) of the Code, ABC Technologies is now required, by not later than 5.00 p.m. (London time) on 8 November 2024 to either announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended by the Board of TI Fluid Systems, with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code. There can be no certainty that a firm offer will ultimately be made for TI Fluid Systems by ABC Technologies. A further announcement will be made as and when appropriate. This announcement has been made with the consent of ABC Technologies. In accordance with Rule 2.5(a) of the Code, ABC Technologies reserves the following rights: a) to introduce other forms of consideration and/or to vary the composition of the consideration;b) to make an offer for TI Fluid Systems at a lower value or on less favourable terms than those described in this announcement: i) with the recommendation or consent of the Board of TI Fluid Systems; ii) if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Proposal; and iii) following the announcement by TI Fluid Systems of a "whitewash" proposal; and c) to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion.
お知らせ • Sep 18ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems plc (LSE:TIFS).ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for approximately £880 million on September 4, 2024. ABC Technologies made a revised proposal at £1.76 per share. As on August 22, 2024, ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for £1.65 per share and was rejected by the Board of TI Fluid Systems. The Possible Offer is subject to customary pre-conditions, including the satisfactory completion of due diligence. The transaction is subject to introduce other forms of consideration and/or to vary the composition of the consideration, with the recommendation or consent of the Board of TI Fluid Systems, if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Possible Offer, following the announcement by TI Fluid Systems of a "whitewash" proposal and to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion. Lazard, Goldman Sachs International and Peel Hunt LLP acted as advisors to TI Fluid Systems. ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems plc (LSE:TIFS) Early last week as on September 9, 2024. The Board of TI Fluid Systems considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate.
お知らせ • Sep 17+ 1 more updateTI Fluid Systems Announces Response to Possible Offer Announcement by ABC TechnologiesThe board of TI Fluid Systems plc (LSE:TIFS) noted the recent announcement by ABC Technologies Inc., a company majority-owned by investment funds managed by Apollo Management IX, L.P., regarding a possible offer for the Company. The Board confirmed that on 4 September 2024, it received a second unsolicited, highly preliminary and non-binding all-cash proposal from ABC Technologies to acquire TI Fluid Systems at a price of 176 pence per TI Fluid Systems share (the ‘Proposal’). This followed a previous proposal at 165 pence per TI Fluid Systems share. The terms of the second proposal represent a premium of 20.7% to the closing share price of 145.8 pence on 13 September, prior to press speculation about a potential offer for the Company. The Board of TI Fluid Systems considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board is confident in the strategy and prospects of the Company. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate. In accordance with Rule 2.6(a) of the Code, ABC Technologies is required, by not later than 5.00 p.m. (London time) on 12 October 2024, either to announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code, or to announce that it does not intend to make an offer for TI Fluid Systems, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can only be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. This statement is being made by TI Fluid Systems without the consent of ABC Technologies.
Declared Dividend • Aug 11First half dividend increased to €0.024Dividend of €0.024 is 4.8% higher than last year. Ex-date: 15th August 2024 Payment date: 13th September 2024 Dividend yield will be 5.0%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 31% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 10First half 2024 earnings released: EPS: €0.079 (vs €0.064 in 1H 2023)First half 2024 results: EPS: €0.079 (up from €0.064 in 1H 2023). Revenue: €1.72b (down 2.8% from 1H 2023). Net income: €40.1m (up 21% from 1H 2023). Profit margin: 2.3% (up from 1.9% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.
お知らせ • Aug 08TI Fluid Systems plc Approves Interim Dividend, Payable on 13 September 2024TI Fluid Systems plc announced that the Board has approved a 4.3% increase on a per share basis in the interim dividend to €2.40 cents per share (H1 2023: 2.30 €cents). The dividend amount of 2.40 €cents will be converted from Euro to Sterling using the London closing spot rate on the record date of 16 August 2024 and the Sterling rate will be announced on 19 August 2024. The interim dividend will be paid on 13 September 2024 to holders of ordinary shares on the register on the record date.
New Risk • Jul 26New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Shares are highly illiquid. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Board Change • Jul 26High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Alexander De Bock was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 29TI Fluid Systems plc Approves Final Cash Dividend for the Year Ending 31 December 2023, Payable on 21 June 2024On 12 March 2024, TI Fluid Systems plc announced that its Board intended to recommend to shareholders a final dividend of 4.53 Euro cents per ordinary share for the year ending 31 December 2023. Following shareholder approval at the 14 May 2024 Annual General Meeting, the dividend will be paid in sterling on 21 June 2024 (Payment Date) to holders of ordinary shares on the register on 24 May 2024 (Record Date).The approved dividend amount of 4.53 Euro cents was converted from Euro to Sterling using the London closing spot rate on the Record Date and 3.86 pence per ordinary share will be paid to record holders on the Payment Date.
お知らせ • May 03TI Fluid Systems plc Provides Earnings Guidance for the Full Year 2024TI Fluid Systems plc provided earnings guidance for the full year 2024. The company is planning assumptions for a modest year-on-year industry volume decline are unchanged. The company expects flat to low-single digit constant currency revenue growth.
お知らせ • Mar 28TI Fluid Systems plc has filed a Follow-on Equity Offering.TI Fluid Systems plc has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 30,000,000 Transaction Features: Subsequent Direct Listing
お知らせ • Mar 14TI Fluid Systems plc Recommends Final DividendTI Fluid Systems plc intends to recommend a final dividend of 4.53 Euro cents per share, or €23.2 million.
お知らせ • Mar 06TI Fluid Systems plc Announces Step Down of Susan Levine as Non-Executive DirectorTI Fluid Systems plc announced that Susan Levine, non-executive director, has informed the Board of her decision to step down as a director of the Company with effect from the end of the Company's upcoming 2024 Annual General Meeting, at which she will not stand for re-election. Ms. Levine, who is one of two nominees of BC Omega Holdco Ltd. ("Bain Capital"), will remain a director and member of the ESG Committee until that time. Bain Capital has informed the Board that it does not intend to nominate an additional person for appointment as a director to replace Ms. Levine but that it retains the right to nominate an additional person for appointment as a director under the terms of its relationship agreement with the Company dated 25 October 2017.
Board Change • Dec 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Alexander De Bock was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 02TI Fluid Systems plc Provides Earnings Guidance for the Year 2023TI Fluid Systems plc provided earnings guidance for the year 2023. The company remain confident in full-year outlook for revenue outperformance.
お知らせ • Sep 06TI Fluid Systems plc (LSE:TIFS) agreed to acquire Cascade Engineering Europe Termelo, Kereskedelmi Es Szolgaltato Korlatolt Felelossegu Tars for $27.7 million.TI Fluid Systems plc (LSE:TIFS) agreed to acquire Cascade Engineering Europe Termelo, Kereskedelmi Es Szolgaltato Korlatolt Felelossegu Tars for $27.7 million on September 5, 2023. TIFS will acquire CEE for a cash consideration of $27.7 million or about 6x estimated 2023 EBITDA excluding synergies. TIFS will welcome CEE's 349 dedicated employees and acquire the 6,500m2 manufacturing facility in Budapest, Hungary. The acquisition is subject to customary closing conditions and regulatory approval. The acquisition will be immediately accretive to the group's underlying earnings.
お知らせ • Aug 11TI Fluid Systems plc Declares Interim Dividend, Payable on 15 September 2023On 8 August 2023, TI Fluid Systems plc announced that its Board had declared an interim dividend of 2.30 Euro cents per ordinary share based on the Group's financial position and prospects. The dividend will be paid in Sterling on 15 September 2023 to holders of ordinary shares on the register on the record date of 18 August 2023.
お知らせ • Aug 09TI Fluid Systems plc, Annual General Meeting, May 14, 2024TI Fluid Systems plc, Annual General Meeting, May 14, 2024.
お知らせ • Aug 08+ 1 more updateTI Fluid Systems plc to Report First Half, 2024 Results on Aug 08, 2024TI Fluid Systems plc announced that they will report first half, 2024 results on Aug 08, 2024
Board Change • Jun 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Alexander De Bock was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 31TI Fluid Systems plc Approves Final Dividend for the Year Ended 31 December 2022, Payable on 23 June 2023On 16 March 2023, TI Fluid Systems plc announced that its board had recommended a final dividend of 1.54 Euro cents per ordinary share for the year ended 31 December 2022. Following shareholder approval at the AGM held on 16 May 2023, the dividend will be paid in sterling on 23 June 2023 (Payment Date) to holders of ordinary shares on the register on 26 May 2023 (Record Date).
お知らせ • May 17TI Fluid Systems plc Elects Trudy Schoolenberg to Its Board of DirectorsTI Fluid Systems plc at its Annual General Meeting held on Tuesday, 16 May 2023, elected Trudy Schoolenberg to Its Board of Directors.
お知らせ • Jan 18Ti Fluid Systems plc Provides Revenue Guidance for the Year Ended December 31, 2022TI Fluid Systems plc provides revenue guidance for the year ended December 31, 2022. For the year, the company expects revenue to be circa €3.26 billion at actual rates representing growth of approximately 10% compared to 2021. The Group did experience an unexpected negative sales impact in China during Fourth Quarter primarily due to the government's COVID policy changes which caused unexpected production shutdowns. This revenue growth is set against global light vehicle production (GLVP) volumes of 82.0 million units, an increase of 6.2% compared to 2021, with Group constant currency revenue growth anticipated to be behind GLVP growth by approximately 100 bps, mostly the result of the rapid transition of domestic Chinese OEMs to BEV platforms whichpresents a short term mix issue for the Group in that market.
お知らせ • Dec 15TI Fluid Systems plc to Report Fiscal Year 2022 Results on Mar 16, 2023TI Fluid Systems plc announced that they will report fiscal year 2022 results on Mar 16, 2023
Board Change • Nov 30High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Senior Independent Director Trudy Schoolenberg was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 09TI Fluid Systems plc, Annual General Meeting, May 17, 2023TI Fluid Systems plc, Annual General Meeting, May 17, 2023.
お知らせ • Nov 03+ 4 more updatesTI Fluid Systems plc to Report Q2, 2023 Results on Aug 08, 2023TI Fluid Systems plc announced that they will report Q2, 2023 results on Aug 08, 2023
お知らせ • Sep 07TI Fluid Systems plc Announces Dr. Trudy Schoolenberg to The BoardTI Fluid Systems plc announced that Dr. Trudy Schoolenberg has been appointed to the Board of the Company effective 5 September 2022. She will serve as its Senior Independent Director and has also been appointed to the Nomination Committee. Trudy currently serves on the boards of SPIE SA (Euronext Paris), Elementis plc (FTSE listed) and Accsys Technologies plc (AIM and Euronext listed). She was previously on the boards of Avantium N.V., Spirax-Sarco Engineering plc, Low and Bonar plc, and The Netherlands Petroleum Stockpiling Agency. Trudy has a Ph.D. in Technical Physics from the Delft University of Technology (Netherlands) and also holds a master's degree in Industrial Engineering.
Board Change • Aug 12High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Jane Lodge was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Aug 10+ 1 more updateTI Fluid Systems plc Declares Interim Dividend, Payable on 16 September 2022On 9 August 2022, TI Fluid Systems plc announced that its Board had declared an interim dividend of 1.00 Euro cents per ordinary share based on the Group's financial position and prospects. The dividend will be paid in Sterling on 16 September 2022 to holders of ordinary shares on the register on the record date of 19 August 2022.
Board Change • Jul 05High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Jane Lodge was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 07TI Fluid Systems plc Announces Directorate and Committee ChangesThe Board of TI Fluid Systems plc announced the appointment of Jane Lodge as an Independent Non-Executive Director of the Company effective 6 June 2022. She will also chair the Company's Audit & Risk Committee. Jane currently chairs the audit committees at FirstGroup plc and Bakkavor plc and chairs the remuneration committee at Glanbia plc. During the past ten years, Jane has also served on the boards of other leading companies in the FTSE 100 and 250 indices, including DCC plc, Costain Group plc, Devro plc, and Sirius Minerals plc. From 1976 to 2011, Jane held various management and leadership roles at Deloitte LLP, becoming a partner in 1986. As a lead audit partner, she worked predominately with multi-national businesses in the manufacturing, engineering, and industrial sectors, including a global automotive OEM. In conjunction with Jane's appointment and the Board's previously announced transition plan, Jeff Vanneste has stepped down from the Board effective 6 June 2022. In addition, the Board has approved the following changes to the composition of its committees with effect from 6 June 2022: Audit & Risk Committee: Jane Lodge has been appointed to the Committee and will serve as Chair (replacing Jeff Vanneste). The Audit & Risk Committee composition will, therefore, be Jane Lodge (Chair), John Smith and Elaine Sarsynski. Nomination Committee: Julie Baddeley has been appointed to the Committee (replacing Manfred Wennemer), and Tim Cobbold will serve as Chair. The Nomination Committee composition will, therefore, be Tim Cobbold (Chair), Julie Baddeley and Stephen Thomas. Remuneration Committee: Julie Baddeley and Jane Lodge have been appointed to the Committee (replacing Jeff Vanneste and Tim Cobbold), and John Smith will serve as Chair. The Remuneration Committee composition will, therefore, be John Smith (Chair), Julie Baddeley and Jane Lodge. ESG Steering Committee: Susan Levine has been appointed to the Committee. The ESG Steering Committee composition will, therefore, be Elaine Sarsynski (Chair), Julie Baddeley, Susan Levine, Hans Dieltjens and Ron Hundzinski.
お知らせ • May 31TI Fluid Systems plc Approves Final Dividend for 2021, Payable on 23 June 2022On 15 March 2022, TI Fluid Systems plc announced that its Board had recommended a final dividend of 1.46 Euro cents per ordinary share for the year ending 31 December 2021. Following shareholder approval at the AGM held on 18 May 2022, the dividend will be paid in sterling on 23 June 2022 (Payment Date) to holders of ordinary shares on the register on 27 May 2022 (Record Date). The dividend amount of 1.46 Euro cents was converted from Euro to Sterling using the London closing spot rate on the record date and 1.24 pence per ordinary share will be paid on the payment date.
Upcoming Dividend • May 19Upcoming dividend of €0.015 per shareEligible shareholders must have bought the stock before 26 May 2022. Payment date: 23 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (3.6%).
お知らせ • May 18TI Fluid Systems plc Provides Revenue Guidance for the Full Year 2022TI Fluid Systems plc provided revenue guidance for the full year 2022. For the year, The company expects to achieve revenue outperformance and historical cash flow conversion with full year margins slightly below 2021 levels.
Valuation Update With 7 Day Price Move • May 05Investor sentiment deteriorated over the past weekAfter last week's 27% share price decline to €1.81, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Auto Components industry in Germany. Total loss to shareholders of 26% over the past three years.
Board Change • May 05High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CEO, President & Executive Director Hans Dieltjens was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 12Full year 2021 earnings released: EPS: €0.028 (vs €0.49 loss in FY 2020)Full year 2021 results: EPS: €0.028 (up from €0.49 loss in FY 2020). Revenue: €2.96b (up 5.0% from FY 2020). Net income: €14.3m (up €268.4m from FY 2020). Profit margin: 0.5% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 8.0%, compared to a 9.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Board Change • Apr 04High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CEO, President & Executive Director Hans Dieltjens was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 16Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.028 (up from €0.49 loss in FY 2020). Revenue: €2.96b (up 5.0% from FY 2020). Net income: €14.3m (up €268.4m from FY 2020). Profit margin: 0.5% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 8.9%, compared to a 8.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Board Change • Mar 10High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CEO, President & Executive Director Hans Dieltjens was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 22Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €2.78, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Auto Components industry in Germany. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.29 per share.
Board Change • Nov 22High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CEO, President & Executive Director Hans Dieltjens was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 09TI Fluid Systems Supplies 2021 Hyundai Santa FE SUV Hybrid Electric Vehicle with New Product TechnologyTI Fluid Systems plc automotive fluid systems technology, has launched new fluid handling products for thermal coolant and fuel systems on the 2021 Hyundai Santa FE SUV hybrid electric vehicle (HEV). This Hyundai HEV application demonstrates the company's ability to optimize systems with light weight solutions for improved EV mode efficiency. The majority of applications for battery, motor drive and power electronics thermal management use complex rubber and aluminum line assemblies for coolant thermal loops. TI Fluid Systems has developed in-house a full range of multiple light-weight, multi-layer nylon plastic constructs, with associated quick connections for all vehicle operating temperatures. In this new Hyundai Santa Fe HEV application, TI Fluid Systems has collaborated with the OEM to fully switch the traditional chassis thermal loops to lightweight optimized materials. In addition to the coolant fluid carrying thermal loops, TI Fluid Systems' Fuel Tank and Delivery Systems (FTDS) division has launched their latest 'Light Pressurized Tank' (LPT) pressure resistant plastic fuel tank.
お知らせ • May 29TI Fluid Systems Introduces New Integrated Thermal Manifold Assemblies for Electric VehiclesTI Fluid Systems introduced an innovative approach for coolant fluid management on electrified vehicles. The new technology is an Integrated Thermal Manifold assembly that provides a one-piece, light-weight, blow-molded plastic manifold to optimize complex line design and replaces multiple line bundle assemblies of thermal loops for heating and cooling on next generation of electric vehicles. Current EVs typically use multiple complex rubber, aluminum or multi-layer plastic lines that are packaged tightly together under hood or chassis mounted. TI Fluid Systems has developed the ability to evolve their Fuel Tank and Delivery Systems (FTDS) division fuel tank blow molding technology to produce a one piece integrated thermal 'manifold' (ITMa) approach. This single piece blow molded plastic manifold has significant OEM EV value: improved flow performance for efficiency gains, lower part count for sub and final vehicle assembly, with lower weight and reduced investment tooling costs. In addition to the ITMa coolant 'fluid carrying' design, TI Fluid Systems' FTDS division has demonstrated further integration potential for 'fluid storage' (coolant reservoir expansion tank), 'fluid temp control' (heat exchangers/sensors) and 'fluid delivery' (pumps), for a very compact module solution. Much like a fuel delivery module, these integrated thermal modular assemblies are very bespoke to each OEM vehicle or application and can be engineered for various system types of multiple thermal loops. TI Fluid Systems has received their first ITMa global EV platform application release for model year 2023 introduction with a leading high-volume European OEM.
Executive Departure • May 15Independent Non-Executive Director has left the companyOn the 13th of May, Andrea Dunstan's tenure as Independent Non-Executive Director ended after 2.2 years in the role. We don't have any record of a personal shareholding under Andrea's name. Andrea is the only executive to leave the company over the last 12 months.
お知らせ • May 12TI Fluid Systems plc Reaffirms Earnings Guidance for the Year 2021TI Fluid Systems plc reaffirmed earnings guidance for the year 2021. The Group has made a strong start to the year and the outlook guidance issued on 16 March 2021 remains unchanged.
Reported Earnings • Mar 18Full year 2020 earnings released: €0.49 loss per share (vs €0.27 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €2.81b (down 18% from FY 2019). Net loss: €254.1m (down 279% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Mar 17TI Fluid Systems plc Provides Financial Outlook for 2021TI Fluid Systems plc provided financial outlook for 2021. Given the recent market trends, the company expects to continue the historic level of revenue outperformance at constant currency to be above global automotive production levels.
お知らせ • Mar 12TI Fluid Systems plc Announces Board and Remuneration Committee ChangesTI Fluid Systems plc announced that Andrea Dunstan, independent non-executive director, has informed the Board of her decision to step down as a director of the Company with effect from the end of the Company's upcoming 2021 Annual General Meeting, at which she will not stand for re-election. Andrea will remain as Chair of the Remuneration Committee until that time. Tim Cobbold, Senior Independent Director, will join the Remuneration Committee with immediate effect.
Is New 90 Day High Low • Mar 09New 90-day high: €3.04The company is up 20% from its price of €2.54 on 08 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.72 per share.
お知らせ • Feb 18+ 1 more updateTI Fluid Systems plc Announces Executive ChangesTI Fluid Systems announced that William L. Kozyra will retire as Chief Executive Officer in the fourth quarter of this year, following an orderly transition to his successor, Hans Dieltjens. Hans Dieltjens will take on the role of Chief Executive Officer concurrent with Bill's retirement.
Is New 90 Day High Low • Feb 09New 90-day high: €2.86The company is up 24% from its price of €2.30 on 10 November 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.27 per share.
お知らせ • Jan 31TI Fluid Systems Launches Innovative HEV Plastic Fuel Tank Technology With VolkswagenTI Fluid Systems announced that it will provide a new generation of plastic fuel tank design capable of meeting the stringent pressure demands within a hybrid electric vehicle (HEV) vehicle. This plastic fuel tank recently launched in volume production with Volkswagen China on the Passat and Magotan Plug-in Hybrid Electric Vehicle (PHEV) models, with a planned adoption across a wider range of global platforms. This innovative technology represents the culmination of extensive design and collaborative development, including rigorous testing and vehicle evaluations by VW and TIFS development teams across China and Europe. Traditionally, conventional fuel tanks operate at atmospheric pressure, however, the new generation HEV models are expected to resist cyclic pressure up to 400 mbar when in certain full electric driving modes. To resist in-tank pressure, the new design solution introduces over-molded ball pins with snap-fit column structures that use TIFS's patented split parison blow molding manufacturing process. TIFS has confirmed that the technology release provides a light-weight plastic solution for HEVs that overcomes the disadvantages of competitor internal tank welded structures.
お知らせ • Jan 25TI Fluid Systems plc to Report Fiscal Year 2020 Results on Mar 16, 2021TI Fluid Systems plc announced that they will report fiscal year 2020 results on Mar 16, 2021
Is New 90 Day High Low • Jan 21New 90-day high: €2.69The company is up 28% from its price of €2.09 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.67 per share.
お知らせ • Jan 06+ 2 more updatesTI Fluid Systems plc to Report Q3, 2021 Results on Nov 04, 2021TI Fluid Systems plc announced that they will report Q3, 2021 results on Nov 04, 2021
お知らせ • Dec 17TI Fluid Systems plc to Supply Hyundai BEV Family of Vehicles with Thermal Coolant Fluid Carrying SystemsTI Fluid Systems announced that it will provide thermal coolant fluid carrying loops for a large family of Hyundai, Kia and Genesis brand vehicles, starting with the NE EV, a new battery electric compact crossover based on the futuristic "45" concept vehicle. Starting in January, coolant fluid carrying systems will be supplied by TI Fluid Systems across eight different Hyundai battery electric vehicle platforms, all produced in South Korea. The new fluid carrying products apply innovative approach for light weight and optimized engineered polymer lines produced from nearly 100% nylon material along with quick connectors that are molded, formed and assembled in various diameter sizes for the battery and motor drive thermal management. Hyundai plans to expand their BEV lineup to 25 vehicles by 2025, the first of which is launching in January 2021. TI Fluid Systems will be providing the brake line bundles for the new BEV models as well as the fuel tank assemblies and fuel lines for several current Hyundai hybrid EV models. TI Fluid Systems has been a longtime supplier to Hyundai, providing brake and fuel systems, fuel tank and delivery systems, powertrain systems and thermal management systems to more than 50 different Hyundai vehicle lines worldwide.
お知らせ • Nov 07TI Fluid Systems Supplies Volkswagen ID.3 And ID.4 Battery Electric Vehicles With Industry-First Thermal TechnologyTI Fluid Systems has started high volume production of new thermal products, assemblies and technology for the new Volkswagen ID.3 and ID.4 battery electric vehicles. The ID.3 is a compact hatchback and the first production model based on the modular electric drive matrix (MEB) from Volkswagen. The release of the ID.4, an electric compact SUV, will follow. This new application of heat pump technology using R744 (also called CO2) refrigerant provides both heating and cooling for the cabin comfort and operates at a higher efficiency in certain conditions for significant battery range extension. TI Fluid Systems assembles the heat pump module with the electronic valves, accumulator, bracket, and chiller with associated high pressure aluminum lines. The heat pump valve assembly are supplied from the company's Jablonec Plant in the Czech Republic. The company will also be supplying the Chassis Thermal Coolant Loop Line Assemblies that are manufactured in various materials including lightweight engineered polymers. TIFS has commissioned a new plant in Tangier, Morocco for the battery electric vehicle market. This plant supplies the finished hoses to Tauste, Spain for final assembly and verification test.
お知らせ • Aug 23TI Fluid Systems plc Not Provides Earnings Guidance for 2020TI Fluid Systems plc not provided earnings guidance for 2020. The company will not be providing an outlook for the full year 2020.
