• TI Fluid Systems (TIFS) has completed a deal to acquire Cascade Engineering Europe (CEE), a leader in the design and manufacture of thermal fluid connectors and other complex plastic injection moulded components for the automotive industry
• The acquisition will increase TIFS’ thermal connector market share, while enhancing its technology in a rapidly growing segment of the electrified vehicle market

AUBURN HILLS, MICHIGAN, USA (6 November 2023) — TI Fluid Systems (LON:TIFS), a leading global supplier of automotive fluid systems technology, has completed the acquisition of Cascade Engineering Europe (CEE), a Hungarian-based leader in the design and manufacturing of thermal fluid connectors and other complex plastic injection moulded components for the automotive industry.

Hans Dieltjens, President and CEO of TI Fluid Systems, said, “Our acquisition of CEE is tangible evidence that we are delivering on our electrification strategy and taking the turn. By integrating CEE’s operations and expertise into our global business, we are growing our market share in thermal fluid connectors for electric vehicles – a critical segment for us. I would like to extend a warm welcome to CEE’s staff, and we look forward to working alongside them as we continue to follow our growth strategy.”

To find out more about TI Fluid Systems, visit www.tifluidsystems.com.

About TI Fluid Systems

TI Fluid Systems is a global innovator of thermal and fluid system solutions for the full range of current and developing vehicle architectures. Serving all major automotive manufacturers, with more than 100 years of automotive supply experience; TI Fluid Systems operates across 28 countries with a commitment to improving efficiency, performance and sustainability worldwide.