In accordance with Article 13 of Law 104-12 on freedom of prices and competition as amended and supplemented and Article 10 of Decree No. 2-14-652 issued for its implementation, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties.<\/p>\n
This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.<\/p>\n
The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law 104-12 on freedom of prices and competition.<\/p>\n
Names of the companies and groups concerned:<\/strong><\/p>\n Nature of the operation<\/strong><\/p>\n Economic sectors concerned<\/strong><\/p>\n Deadline for interested third parties to submit their observations<\/strong><\/p>\n NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council received notification of a concentration operation concerning the indirect exclusive takeover of all ordinary shares issued and to be issued by the company \u201cTI Fluid Systems plc.\u201d by the company \u201cABC Technologies Inc.\u201d through an arrangement plan approved by a court under Part 26 of the UK Companies Act 2006.<\/p>\n \u201cABC Technologies Inc.,\u201d headquartered in Toronto, Canada, is a manufacturer and supplier of custom lightweight plastics, components, and high-tech innovations for the automotive industry (with a particular focus on North America). \u201cABC Technologies\u201d is controlled by investment funds managed by subsidiaries of \u201cApollo Global Management, Inc.\u201d (with its subsidiaries, \u201cApollo\u201d).<\/p>\n \u201cApollo\u201d is a fast-growing global alternative asset manager headquartered in New York City, New York. Through its fully integrated investment platform, covering the full risk\/reward spectrum of quality investment to private equity, \u201cApollo\u201d provides innovative capital solutions to companies and invests across all parts of the capital structure.<\/p>\n \u201cTI Fluid Systems,\u201d headquartered in Oxford, United Kingdom, is a global manufacturer of thermal solutions and fluid systems for all current and developing vehicle architectures.<\/p>\n <\/p>\n Done in Rabat on January 2, 2025<\/p>\n","protected":false},"excerpt":{"rendered":" In accordance with Article 13 of Law 104-12 on freedom of prices and competition as amended and supplemented and Article 10 of Decree No. 2-14-652 issued for its implementation, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties. This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation. The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law 104-12 on freedom of prices and competition. Names of the companies and groups concerned: The acquirer: \u201cABC Technologies Inc.\u201d; The target \u201cTI Fluid Systems plc.\u201d. Nature of the operation Exclusive control takeover. Economic sectors concerned Supply of automotive components. Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e. January 16, 2025 NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council received notification of a concentration operation concerning the indirect exclusive takeover of all ordinary shares issued and to be issued by the company \u201cTI Fluid Systems plc.\u201d by the company \u201cABC Technologies Inc.\u201d through an arrangement plan approved by a court under Part 26 of the UK Companies Act 2006. \u201cABC Technologies Inc.,\u201d headquartered in Toronto, Canada, is a manufacturer and supplier of custom lightweight plastics, components, and high-tech innovations for the automotive industry (with a particular focus on North America). \u201cABC Technologies\u201d is controlled by investment funds managed by subsidiaries of \u201cApollo Global Management, Inc.\u201d (with its subsidiaries, \u201cApollo\u201d). \u201cApollo\u201d is a fast-growing global alternative asset manager headquartered in New York City, New York. Through its fully integrated investment platform, covering the full risk\/reward spectrum of quality investment to private equity, \u201cApollo\u201d provides innovative capital solutions to companies and invests across all parts of the capital structure. \u201cTI Fluid Systems,\u201d headquartered in Oxford, United Kingdom, is a global manufacturer of thermal solutions and fluid systems for all current and developing vehicle architectures. Done in Rabat on January 2, 2025<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352],"tags":[],"class_list":["post-40177","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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