#Canada #Toronto #Leadership #ABC Technologies #TI Fluid Systems

Key Leadership Changes Announced for ABC Technologies and TI Fluid Systems

On February 19, 2025, ABC Technologies and TI Fluid Systems officially announced significant leadership changes as they prepare for the completion of their merger. This strategic alignment marks a crucial step in positioning the newly formed entity for future success in the automotive sector. The announcement detailed that Terry Campbell, the current President and CEO of ABC Technologies, will assume the role of President and CEO of the merged group. Alexander De Bock, formerly the Chief Financial Officer of TI Fluid Systems, has been appointed as the Chief Financial Officer of the combined entity.

Terry Campbell, who took the helm at ABC Technologies in 2022, brings more than three decades of experience in the automotive industry. His background includes leading roles at renowned companies such as Johnson Controls and Magna International. Campbell emphasized his excitement about leading the merged organization, stating, "It is a tremendous privilege to step into this role. Together with Alexander and our global leadership team, we aim to maximize the strengths of TI Fluid Systems and create a robust platform for further growth and innovation."

Meanwhile, Alexander De Bock, appointed CFO of TI Fluid Systems in 2023, has gained a strong reputation for enhancing financial performance during dynamic market conditions. His previous roles also include significant finance leadership positions at WABCO and ZF Group, adding valuable experience in capital allocation and shareholder management to the executive team.

As part of the merger transition, Hans Dieltjens, the current President and CEO of TI Fluid Systems, will step down once the acquisition is officially finalized. Dieltjens has been at the helm of TI Fluid Systems since 2021 and has played an instrumental role in steering the company towards success. His leadership over the past 25 years has significantly impacted the organization, and he expressed pride in the accomplishments of his team during his tenure. Dieltjens stated, "It has been an honor to lead TI Fluid Systems. Our talented workforce has positioned the company for an exciting future. I am confident they will continue to thrive alongside ABC Technologies."

The merger will consolidate two industry leaders into a more diversified organization with a broader array of products and an enhanced geographical reach. This strategic move is designed to capitalize on the transition to electrification within the automotive sector, allowing the combined company to leverage its comprehensive offerings to meet evolving customer demands. Both companies have received shareholder approval for the merger, and regulatory and judicial clearances are anticipated within the first half of 2025.

ABC Technologies is recognized as a leading manufacturer of high-performance technical plastics and innovations serving clients worldwide. The company operates with more than 11,000 employees and supplies major original equipment manufacturers in eight countries. Its majority ownership by Apollo Global Management showcases its strength in the market.

On the other hand, TI Fluid Systems has more than a century of experience in the automotive supply industry, known for its innovative thermal and fluid systems solutions. The merger will combine the rich histories and strengths of both companies to create a powerful player in the automotive sector, aimed at delivering long-term sustainable growth.

As the new executive team prepares for the transition, management is optimistic about the opportunities ahead. They will focus on enhancing operational efficiencies and expanding their product offerings in response to the industry's shift towards sustainability and electrification.

The transition phase will be monitored closely, with updates expected regarding the timeline for the official merger completion and any implications for both companies' stakeholders. Overall, this significant leadership appointment and prospective merger signals a strong commitment to innovation and growth in a rapidly changing automotive landscape.