On November 29, 2024, ABC Technologies Acquisitions Limited (Bidco), a wholly-owned subsidiary of ABC Technologies, agreed to acquire TI Fluid Systems plc through a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. The acquisition offered TI Fluid Systems shareholders 200 pence per share in cash, valuing the company's entire issued and to be issued ordinary share capital at approximately £1.04 billion (around CAD 1.88 billion) on a fully diluted basis, and implying an enterprise value of about £1.83 billion (approximately CAD 3.31 billion).

Citi, TD Securities, and Scotiabank acted as financial advisers to Bidco and ABC Technologies. Kirkland & Ellis International LLP served as legal adviser to Bidco and ABC Technologies, with Paul, Weiss, Rifkind, Wharton & Garrison LLP advising on regulatory and financing matters. Goldman Sachs International and Peel Hunt LLP acted as joint financial advisers and corporate brokers to TI Fluid Systems, with Latham & Watkins (London) LLP serving as legal adviser.