We are excited to announce that TI Fluid Systems (TIFS) has agreed to acquire Cascade Engineering Europe (CEE), a company based in Hungary known for its excellence in the automotive sector.

As a leader in the design and manufacturing of thermal fluid connectors and other complex plastic injection moulded components, CEE has a strong reputation for its technical expertise and product quality – offering design, development, tooling, prototyping and serial manufacturing capabilities.

The acquisition aligns with our long-term electric vehicle strategy to increase our market share in the thermal connector market and increase vertical integration. The acquisition of CEE will also increase the components in the TIFS product portfolio to support the growth of internal content in our innovative Integrated Thermal Modules.

But this move isn’t just about strategy and commercial growth. It’s about people. Soon, we will be welcoming 349 new faces, talents and stories to the TI Fluid Systems family, bringing fresh perspectives and expertise to fuel our collective journey into the future. We’re looking forward to the coming weeks as we offer a warm welcome to the team at CEE and get to know our new colleagues.

Over the years, CEE has not just been a supplier to TI Fluid Systems but also a valuable partner. The company’s reputation for technical competence, particularly in fluid connectors and plastic injection moulded components, is unparalleled, and we have always shared mutual respect and trust.

TI Fluid Systems will take on CEE’s 6,500m² manufacturing facility in Budapest, Hungary, together with its dedicated employees, further strengthening our technical and manufacturing capabilities.

The acquisition is subject to customary closing conditions and regulatory approval.