Category: Press Releases

• Julien Plenchette has joined TI Fluid Systems (TIFS) as President – Americas, effective 08 April 2024

 

AUBURN HILLS, MICHIGAN, USA (08 April 2024) — TI Fluid Systems (TIFS), a leading global supplier of automotive fluid systems technology, has strengthened its executive leadership team with the appointment of Julien Plenchette as President – Americas.

Plenchette is a seasoned automotive executive with over 20 years’ experience in the industry, including senior positions with other leading tier-one automotive suppliers such as ZF/Wabco, LS Automotive and Valeo. He was latterly Managing Director and Vice President of Aptiv’s Active Safety and User Experience Business Unit in North America.

Completing TIFS’ regional leadership team, Plenchette joins President for Asia Pacific, Henri Tsang, and President for Europe, Middle East, and Africa, Steve Vercauteren. The Group’s regional structure has been in place since 1 January 2024, improving alignment with customers, increasing flexibility to shift resources between product lines and creating synergy opportunities. Moreover, it enhances regional leaders’ agility to respond to changes in their markets, particularly the transition to electrification which is occurring at different speeds in regions.

This appointment also allows Stefan Rau to focus on his role as Chief Operating Officer, leading the Group’s operational efficiency and productivity programmes to drive progress towards TIFS’ mid-term targets and ensure long-term cost competitiveness.

Hans Dieltjens, CEO and President of TI Fluid Systems said, “We have built a strong, well-balanced leadership team with a broad range of skills and experience. I am delighted to welcome Julien as President of the Americas and look forward to working with him to build on our positive momentum.

I would also like to thank Stefan for taking on the role of President for the Americas over the last few months in addition to his COO role. Productivity and efficiency have always been in TIFS’ DNA and we are well on track with implementing planned initiatives.

Our prospects are exciting, our Taking-the-Turn strategy is delivering, and our propulsion agnostic portfolio means we are ideally positioned for the industry transition. These organizational changes will support the continued execution of our strategy as we strengthen our position as an industry leader.”

 

About TI Fluid Systems

TI Fluid Systems is a global innovator of thermal and fluid systems 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 26 countries with a commitment to improving efficiency, performance and sustainability worldwide.

• TI Fluid Systems (TIFS) has signed a Collaboration Agreement with Sanden, a leading supplier of e-compressors, which are complementary to TIFS’s market-leading capabilities in thermal management technologies
• The two companies will work in partnership as TIFS drives development of its next-generation automotive Thermal Refrigerant Modules
• “Through this collaboration with Sanden, we will accelerate module innovation and development with a view to drive efficiency and better support our customers. It’s a unique combination of skills in Thermal Management to significantly enhance the transition to electrification”, Hans Dieltjens, President and CEO, TIFS

AUBURN HILLS, MICHIGAN, USA (12 December 2023) — TI Fluid Systems (LON:TIFS), a leading global supplier of automotive fluid systems technology, has signed a Collaboration Agreement with automotive thermal management specialist, Sanden.

Through this collaboration, TIFS’s market-leading capabilities in thermal management technologies will be complemented by Sanden’s strengths in refrigerant, especially in e-compressors. The two companies will join forces to accelerate TIFS’s development of next-generation automotive Integrated Thermal Modules, leveraging their combined expertise.

The strategic collaboration will enable TIFS to meet growing market demands for highly efficient thermal management architectures and offer customers a complete solution for Integrated Thermal Modules.

Sanden, known for its innovative and quality-focused approach, is a strong fit and well-suited to work in collaboration with TIFS to bring next-generation Thermal Refrigerant Modules to the market. With 40 years as an innovator in automotive technology and operations in 23 countries, Sanden complements TIFS’ own global footprint and 101-year legacy at the forefront of automotive supply.

Hans Dieltjens, President and CEO of TIFS, commented, “Through this collaboration with Sanden, we will accelerate module innovation and development in order to fully support our customers with their transition to electrification. Our agreement with Sanden is grounded in a shared commitment to quality and environmental sustainability. The alignment of our product portfolios and manufacturing expertise creates strong synergies and a solid foundation to support our customers with innovative thermal management solutions for electrified vehicles.”

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.

 

• 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.

SHANGHAI, CHINA (26 October 2023) — TI Fluid Systems, a leading global supplier of thermal and fluid systems solutions, held an opening ceremony for its e-Mobility Innovation Center (eMIC) on October 26, 2023, in Jiading, Shanghai. This is the fourth eMIC established by TI Fluid Systems globally, following earlier successes in Germany, Japan and Korea.

The latest China eMIC in Jiading, Shanghai has two floors with a total area of 2,400 sqm divided into an innovation area, lab area, and office area. As a state-of-the-art technology innovation center, the eMIC will promote collaboration between the company and its partners to jointly develop thermal management solutions for electric vehicles (EVs). Through the eMIC, TI Fluid Systems will work in close partnership with OEM customers to develop products and solutions that directly address local requirements within a competitive timeframe, and enable customers to bring new EV platforms to market quickly and successfully.

Hans Dieltjens, CEO and President of TI Fluid Systems, said, “TI Fluid Systems is extremely well-positioned to drive growth in China by supporting local and global OEMs. The dynamic, rapidly changing Chinese market is leading the way in the industry’s transition to electric vehicles. Our latest eMIC is an important strategic step forward, enabling us to work in collaboration with customers. We will provide customers with a one-stop shop to tackle their thermal management challenges and accelerate their speed to market. I believe that our eMIC will enhance our position in China and underwrite our continued growth by helping our customers to succeed.”

Johannes Helmich, Chief Technology Officer of TI Fluid Systems stated, “Customer feedback on our eMICs has been very positive. By bringing together six core competencies under one roof – virtual engineering, designing, processing, prototyping, product testing, and vehicle testing – we can develop solutions that address customers’ needs quickly. We do this by collaborating with our customers, and working as an engineering partner. This speed to market will be a key differentiator in China, particularly with local OEMs.”

As one of the most important markets in the world, China is playing a pivotal role in TI Fluid Systems adopting a global development strategy. eMIC China will bring together top Chinese engineering talent from the automotive industry. To date, the development of electric vehicles is gaining strong momentum. Facing the increasingly competitive Chinese market, the eMIC will help local OEMs to cope with market changes and competitive challenges.

James Bao, Managing Director FCS of TI Fluid Systems in Asia Pacific, added, “TI Fluid Systems has operated successfully in China for almost four decades; our Chinese business has strong foundations and a keen local focus – we are close to customers, with a local supply chain and local solutions. Our latest eMIC is another important step forward, enhancing our local offering by providing customers with the faster design and development speed they seek. Through our continued commitment to investing in China and local economic development, we will continue to support the Chinese automotive market with its electric transition.”

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.

 

• TI Fluid Systems (TIFS) to acquire Cascade Engineering Europe (CEE), a leader in the design and manufacturing 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 this rapidly growing segment of electrified vehicles
• TIFS will welcome CEE’s 349 dedicated employees and acquire the 6,500m² manufacturing facility in Budapest, Hungary

AUBURN HILLS, MICHIGAN, USA (5 September 2023) — TI Fluid Systems (LON:TIFS), a leading global supplier of automotive fluid systems technology, has agreed to acquire Cascade Engineering Europe, a Hungarian-based leader in the design and manufacturing of thermal fluid connectors and other complex plastic injection moulded components for the automotive industry. The business has a strong reputation for its technical expertise and product quality, with in-house capabilities from design and development to tooling, prototyping and serial manufacturing.

TIFS will acquire CEE for a cash consideration of $27.7 million (c. €25.4 million) or about 6x estimated 2023 EBITDA excluding synergies. CEE is expected to generate revenue of c.€35 million in the year ending 31 December 2023 and the acquisition will be immediately accretive to the group’s underlying earnings. The acquisition is subject to customary closing conditions and regulatory approval.

Hans Dieltjens, President and CEO of TI Fluid Systems, said, “Adding CEE’s operations and expertise to our portfolio is an important strategic step for TIFS.  This acquisition grows our market share in thermal fluid connectors for electric vehicles and aligns with our overarching electrification strategy.  I would particularly like to extend a warm welcome to the dedicated staff at CEE who will join the Company as it follows its 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.

 

Disclaimer

This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and business of TI Fluid Systems plc (the “Company”). The words “expected”, “estimated”, “will”, “should” and similar expressions identify forward-looking statements. Others can be identified from the context in which they are made. By their nature, forward-looking statements involve risks and uncertainties, and such forward-looking statements are made only as of the date of this announcement. Accordingly, no assurance can be given that the forward-looking statements will prove to be accurate and you are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty therein. The past performance of the Company cannot be relied on as a guide to future performance. Nothing in this announcement should be construed as a profit forecast.

• TI Fluid Systems has appointed Janis N. Acosta as Chief Legal Officer and Company Secretary
• Janis brings over 20 years of global tier-one automotive supply experience to the role
• Hans Dieltjens, President and CEO of TI Fluid Systems: “We are delighted to have Janis on board at what is an exciting period of growth and transition for our business”

AUBURN HILLS, MICHIGAN, USA (28 August 2023) — TI Fluid Systems (TIFS), a leading global supplier of automotive fluid systems technology, today announced the appointment of Janis N. Acosta as the company’s Chief Legal Officer and Company Secretary.

Acosta has over 20 years of experience in the global tier-one automotive supply industry. She has led high-performing legal teams and managed legal strategy in senior leadership positions at International Automotive Components (IAC) Group and Lear Corporation, including as Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary at IAC Group and Deputy General Counsel at Lear Corporation. As a former global legal executive and partner at international law firm Winston & Strawn LLP, her background includes experience in mergers and acquisitions,  capital markets transactions, corporate governance, regulatory and legal compliance, as well as commercial and cross-border transactions.

Based at TIFS’ company headquarters in Auburn Hills, Michigan, Acosta will be a key figure in the executive committee, responsible for overseeing the company’s legal and regulatory affairs on a global basis. She replaces David Ludlow, who has held the role of Interim Chief Legal Officer since April 2023.

Hans Dieltjens, President and CEO of TI Fluid Systems, said, “With a sharp legal mind and extensive experience in tier-one automotive businesses, Janis is an excellent addition to our executive team. We are delighted to have her on board at what is an exciting period of growth and transition for our company.”

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.

• TI Fluid Systems will open new e-Mobility Innovation Centers (eMICs) in Nagoya, Japan and Incheon, South Korea this summer
• eMICs promote collaboration between the company and its customers to efficiently develop thermal management solutions for electric vehicles
• The new facilities will follow the successful eMIC blueprint laid out in Rastatt, Germany

AUBURN HILLS, MICHIGAN, USA (6 June 2023) — TI Fluid Systems (TIFS), a leading global supplier of automotive fluid systems technology, will open two new e-Mobility Innovation Centers (eMICs) in Japan and South Korea this summer.

The new centres, located in Nagoya, Japan and Incheon, South Korea, will fast-track the development of thermal management solutions for electric vehicles (EVs) in Asia, and allow TI Fluid Systems to work more closely with its customers in the region.

Following TI Fluid Systems’ first eMIC, which opened in Rastatt, Germany last year, the new facilities bring together six core competencies: virtual engineering, designing, processing, prototyping, product testing, and vehicle testing. This empowers engineers in the region to design, develop, simulate and visualize thermal management solutions at vehicle, module and component level. Unique to TI Fluid Systems, this enables it to introduce class-leading technology to market much faster than before.

TI Fluid Systems’ new Japan eMIC is strategically located in Nagoya, in close proximity to its customers’ technical centres and the Shinkansen high-speed railway. Set across 1,900m², the eMIC features a state-of-the-art virtual reality system, 3D printing capabilities and an impressive high-resolution digitalised visualisation.

Strategically located in Incheon, in close proximity to its customers’ technical centers and the international airport, TI Fluid Systems’ new South Korean eMIC is perfectly placed to serve the nation’s automakers. It also features a state-of-the-art virtual reality system, 3D printing capabilities, as well as product and vehicle testing capabilities. Underlining TI Fluid Systems’ commitment to electrification, the South Korean eMIC also features multiple recharging stations.

The opening of the centres in Japan and South Korea continues TI Fluid Systems’ plan to build a global network of eMICs, with further facilities in the Asia Pacific and North America regions set to be announced later this year.

Hans Dieltjens, President and CEO of TI Fluid Systems, said, “The opening of these new facilities in South Korea and Japan represents an important milestone in the development of our e-Mobility Innovation Center network. Vehicle manufacturers in these markets are playing a leading role in defining the next generation of EVs globally. Working more collaboratively to tackle the thermal management challenges they face will have a profound impact on manufacturers’ development rate and vehicle performance.”

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.

• TI Fluid Systems is in a strong position to support North American customers in fulfilling the battery eligibility requirements of the Inflation Reduction Act (IRA)
• With 26 facilities in North America and a commitment to local supply, TI Fluid Systems is uniquely positioned to support its U.S customer base with battery and other BEV heating and cooling products
• The IRA was formally enacted on 18 April, and aims to encourage investment in domestic energy production and promote clean energy

AUBURN HILLS, MICHIGAN, USA (23 May 2023) — TI Fluid Systems (TIFS), a leading global supplier of automotive fluid systems technology, is well prepared to support its North American customers with Inflation Reduction Act (IRA) compliance.

Owing to its 26 facilities in North America and commitment to local supply as part of its Environmental, Social and Governance initiatives, TI Fluid Systems believes it is uniquely placed to deliver thermal management and fluid handling solutions for battery electric vehicles that contribute to North American OEM customers’ opportunity to comply with the IRA.

TI Fluid Systems is currently manufacturing fluid handling products for battery cooling for multiple major North American and Global OEM customers. In March 2023, the company further underscored its commitment to this market, announcing a significant investment to build its next e-Mobility Innovation Centre (eMIC) in Auburn Hills, Michigan.

Working in collaboration with U.S-based customers, TI Fluid Systems will design and develop the next generation of EV thermal products at the eMIC to support the automakers EV battery efficiency and boost IRA-compliant battery production.

Hans Dieltjens, President and CEO of TI Fluid Systems, said, “The Inflation Reduction Act is a piece of legislation tackling climate change and driving uptake of green energy in North America.

“At TI Fluid Systems, we too are committed to creating cleaner technologies for a greener automotive industry and a better world. Our strong R&D and manufacturing presence in North America, coupled with our prioritisation of local sustainability efforts, places us in a strong position to develop thermal technologies that will help our U.S customers meet the eligibility requirements of the IRA.”

The IRA was formally enacted on 16 August 2022, with the aim of accelerating investment in clean energy solutions and domestic manufacturing capacity in North America. The new battery component requirements of the IRA came into effect on April 18, 2023.

The legislation has a significant impact on U.S. car buyers and vehicle manufacturers, with a tax credit of $7,500 offered for each vehicle that fulfils the IRA requirements. To meet the eligibility criteria, 50% of a vehicle’s battery components must be manufactured or assembled in North America, while 40% of the essential minerals used in the battery – such as aluminium, cobalt, lithium, nickel, and graphite – must be extracted, processed, manufactured, and assembled in the U.S.

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.

• TI Fluid Systems’ all-new Thermoplastic Refrigerant Lines (TPRL) can be used in place of conventional aluminum and rubber assemblies and offer up to 60% of weight savings
• Multilayer plastic construction is flexible, lightweight and more cost-effective while reducing likelihood of leaks
• This innovative system, which is focused on supporting our customers’ electric vehicle production, is a direct result of the Company’s Take the Turn Strategy
• New TPRL system has already been specified by a global vehicle manufacturer for its latest electric vehicle

AUBURN HILLS, Michigan, USA (November 10, 2022) — TI Fluid Systems (TIFS), a leading global supplier of automotive fluid systems technology, has launched its groundbreaking new Thermoplastic Refrigerant Lines (TPRL) technology. Replacing conventional aluminum and rubber systems on liquid and suction refrigerant lines, TPRL’s multilayer polymer construction offers up to a 60% weight saving, making it ideally suited to the needs of vehicle electrification.

Drawing upon 30 years’ experience of multilayer tube design and extrusion, TI Fluid Systems has developed TPRL to meet customers’ performance requirements while being flexible, light and cost-effective. It uses a carefully developed combination of materials to yield optimal refrigerant resistance on the inside of the line, while materials on the outside of the line ensure it is resistant to environmental exposure.

Unlike conventional aluminum and rubber refrigerant lines, which are made up of several smaller tubes joined together using a crimp assembly process, TPRL eliminates the rubber hose and crimp assembly components, which helps to achieve weight savings. It also leads to improved system efficiency and lower risk of leakage, which tends to occur at the joint between two components.

These combined product benefits perfectly position TPRL within the electric vehicle (EV) segment, where lightweighting is crucial to the overall efficiency and performance of the vehicle. As such, TPRL is expected to be of significant interest to global vehicle manufacturers across the sector and has already been specified by one for its next generation EV.

Replacing the conventional aluminum and rubber components with thermoplastics also offers important environmental benefits. The production process for TPRL is significantly less energy intensive than that of aluminum lines, while it is also safer to manufacture than an equivalent rubber and aluminum solution.

Hans Dieltjens, President and CEO of TI Fluid Systems, said: “Our new TPRL technology is a leading development in the market and is a direct result of our Take the Turn electrification strategy. This development is a testament to our expertise and innovation in fluid handling for refrigeration, validated by the high level of interest shown by OEMs to adopt this economical and weight saving technology.”

TI Fluid Systems’ Take The Turn strategy will see the business enhance its EV capabilities in line with customer demand and deliver flexible systems that are more economical and energy efficient. It includes the opening of several E-Mobility Innovation Centers (eMICs) across the globe, the first of which was opened in Rastatt, Germany, earlier this year.

About TI Fluid Systems

TI Fluid Systems is a leading global manufacturer of fluid storage, carrying and delivery systems primarily for the light duty automotive market. With nearly 100 years of automotive fluid systems experience, TI Fluid Systems has manufacturing facilities in 104 locations across 29 countries serving all major global OEMs.

For more information, visit www.tifluidsystems.com.