TI Fluid Systems
| File:TI Fluid Systems logo.png | |
| Company type | Public limited company |
|---|---|
| LSE: TIFS | |
| Industrie | Automotive Engineering |
| Gegründet | 2000 |
| Hauptsitz | Oxford, United Kingdom |
Key people | Manfred Wennemer (Chairman) William L. Kozyra, (CEO and President) |
| Produkte | Automotive fluid systems |
| Revenue | €3,348.6 million (2016)[1] |
| €236.6 million (2016)[1] | |
| €43.9 million (2016)[1] | |
| Website | http://www.tiautomotive.com |
TI Fluid Systems develops, manufactures and supplies automotive fluid storage, carrying and delivery systems. The company has 23,000 employees at 120 locations in 29 countries, and supplies all of the world's major automobile manufacturers. The company serves the automotive aftermarket through Bundy, Walbro and Marwal brands. The company's headquarters are located in Oxford, UK, with Corporate Offices based in Auburn Hills, Michigan. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The company was created when Smiths Group divested its newly acquired automotive business in 2000 creating TI Automotive Ltd.[2]
William "Bill" L. Kozyra was named chairman, chief executive officer and president of TI Automotive in May 2008.[3]
In 2009, TI Automotive earned a 2009 Automotive News PACE Award for “ship-in-a-bottle” fuel tank. TI Automotive also won an Automotive News PACE Award for its Dual Channel Single Stage (DCSS) fuel pump.[4]
The company was acquired by Bain Capital in January 2015.[5] It was the subject of an initial public offering under its new name of TI Fluid Systems in October 2017.[6]
Structure
The company has five major global product groups, each with a separate focus:[7]
- Fluid Carrying Systems
- Powertrain Products
- Thermal Products
- Pump and Module Products
- Tank Systems
References
- ^ a b c "Prospectus" (PDF). RHI Magnesita. p. 172. Retrieved 30 November 2017.
- ^ TI Group plans to sell off auto suppliers[dead link]
- ^ Torn Apart & Rebuilt
- ^ PACE Award Press Release
- ^ "TI Automotive to be acquired by Bain for $2.4 billion, report says". Auto News. 27 January 2016. Retrieved 29 December 2016.
- ^ "Bain Capital takes second shot at TI Fluid Systems IPO". Real Deals. 10 October 2017. Retrieved 30 November 2017.
- ^ TI Global Divisions