Our Heritage
COMPANY BACKGROUND INFORMATION
TI Automotive is the world's leading supplier of fluid storage,
transfer and delivery systems including brake, fuel and air conditioning
applications.
Founded
TI Automotive Ltd was formed as an independent company in 2001 in
England. Following the merger of TI Group with Smiths Industries
in December 2000, TI Group Automotive Systems became a division
within Smiths Group plc. In July 2001, the automotive division demerged
from Smiths Group.
Employees
TI Automotive has more than 16,000 employees in more than 100 facilities
worldwide.
Business Divisions
TI Automotive is divided into two major divisions. The Fuel Systems
group has approximently 40% of company sales and the Fluid Carrying
Systems group has 60%.
Growth Chronology
TI Automotive's roots are in the remarkable transformation of TI
Group plc from a declining British company in 1986 to a thriving
global business by 2000.
TI Group, which originated as Tube Investments Ltd in Birmingham,
England in 1919, grew its automotive business with these major acquisitions:
| 1987 |
- Armco Inc's European tubing business
- Fulton (UK) from ITT (outstanding 49%) |
| 1987 |
- Bundy Corporation (USA) |
| 1991 |
- Huron Products Industries (USA) |
| 1996 |
- Technoflow Tube Systems (Germany)-
Bundy Asia Pacific (outstanding 50%) |
| 1998 |
- S&H Fabricating and Engineering
(USA) |
| 1999 |
- Kenmore Italiana (Italy)
- Walbro Corporation (USA)
- Marwal (outstanding 51%)
- Creation of TI Group Automotive Systems |
| 2000 |
- TI Group merges with Smiths Industries
to create Smiths Group plc |
| 2001 |
- Creation of TI Automotive Ltd by demerger
of automotive division from Smiths Group |
| 2003 |
- Pierburg Fuel Pumps (Germany) |
| 2007 |
- Sold Industrial Group |
| |
- Smiths sold its ordinary equity and preference shareholdings in the Company to a consortium of funds managed by Oaktree Capital Management LP and Duquesne Capital Management LLC. |
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