TI Fluid Systems is a British

multinational company A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, i ...

which develops, manufactures and supplies automotive fluid storage, carrying and delivery systems. The company serves the automotive aftermarket through Bundy, Walbro and Marwal brands. The company's headquarters are located in

Oxford Oxford () is a city in England. It is the county town and only city of Oxfordshire. In 2020, its population was estimated at 151,584. It is north-west of London, south-east of Birmingham and north-east of Bristol. The city is home to the ...

, England, with Corporate Offices based in Auburn Hills, Michigan, U.S. It is listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...

and is a constituent of the FTSE 250 Index.

History

The company traces its history back to the Bundy Corporation, which was founded in 1922 and supplied petroleum fuel lines to the Ford Model T. It was acquired by

TI Group TI Group plc (formerly "Tube Investments") was a holding company for specialised engineering companies. It was based in Abingdon, Oxfordshire. It was registered as ''Tube Investments'' in 1919, combining the seamless steel tube businesses of T ...

plc in 1988. After

Smiths Group Smiths Group plc is a British, multinational, diversified engineering business headquartered in London, England. It operates in over 50 countries and employs 14,600 staff. Smiths Group has its origins in a jewellery shop, ''S Smith & Sons'', ...

acquired TI Group in 2000, Smiths Group transferred its newly acquired automotive business into a corporate entity in 2001 thereby creating TI Automotive. In 2007, the company was acquired by a consortium of

private equity investor In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...

s. The company was forced to go through a debt-to-equity swap in 2009 following the global economic downturn. William "Bill" L. Kozyra was named chairman, chief executive officer and president of TI Automotive in May 2008. In January 2015, the company was acquired by

Bain Capital Bain Capital is an American private investment firm based in Boston. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate. Bain Capital invests across a range of industry se ...

for $2.4 billion. In October 2017, the company floated on the

under its new name of TI Fluid Systems. The company floated 25 per cent of its shares.

Structure

The company has two divisions:

fuel tank A fuel tank (also called a petrol tank or gas tank) is a safe container for flammable fluids. Though any storage tank for fuel may be so called, the term is typically applied to part of an engine system in which the fuel is stored and propelle ...

systems and fluid carrying systems (such as brakes, battery cooling and climate control).

References

External links

Official website
{{FTSE 250 Index constituents Engineering companies of the United States Manufacturing companies based in Michigan Auburn Hills, Michigan Manufacturing companies established in 2000 2000 establishments in Michigan