We are excited to announce that TI Fluid Systems (TIFS) has agreed to acquire Cascade Engineering Europe (CEE), a company based in Hungary known for its excellence in the automotive sector.
As a leader in the design and manufacturing of thermal fluid connectors and other complex plastic injection moulded components, CEE has a strong reputation for its technical expertise and product quality – offering design, development, tooling, prototyping and serial manufacturing capabilities.
The acquisition aligns with our long-term electric vehicle strategy to increase our market share in the thermal connector market and increase vertical integration. The acquisition of CEE will also increase the components in the TIFS product portfolio to support the growth of internal content in our innovative Integrated Thermal Modules.
Over the years, CEE has not just been a supplier to TI Fluid Systems but also a valuable partner. The company’s reputation for technical competence, particularly in fluid connectors and plastic injection moulded components, is unparalleled, and we have always shared mutual respect and trust.
TI Fluid Systems will take on CEE’s manufacturing facility in Budapest, Hungary, together with its dedicated employees, further strengthening our technical and manufacturing capabilities.
You, as our valued business partner can rest assured that nothing will change for you, because of this acquisition.
