TI Fluid Systems (TIFS)

Index:

FTSE 250

139.20p
   
  • Change Today:
    -1.60p
  • 52 Week High: 169.20
  • 52 Week Low: 115.20
  • Currency: UK Pounds
  • Shares Issued: 506.03m
  • Volume: 1,013,542
  • Market Cap: £704.39m

TI Fluid buys Hungary's Cascade for €25.4m

By Frank Prenesti

Date: Tuesday 05 Sep 2023

LONDON (ShareCast) - (Sharecast News) - TI Fluid Systems said it had agreed to buy Hungarian firm Cascade Engineering Europe for €25.4m (£21.7m) in cash.


Cascade makes thermal fluid connectors and other plastic injection moulded components for the automotive industry. TI Fluid said the business had a "strong reputation for its technical expertise and product quality, with in-house capabilities from design and development to tooling, prototyping and serial manufacturing".

"CEE is expected to generate revenue of €35m in the year to December 31 and the acquisition will be immediately accretive to the group's underlying earnings," it added.

Reporting by Frank Prenesti for Sharecast.com

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TIFS Market Data

Currency UK Pounds
Share Price 139.20p
Change Today -1.60p
% Change -1.14 %
52 Week High 169.20
52 Week Low 115.20
Volume 1,013,542
Shares Issued 506.03m
Market Cap £704.39m

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Strong Buy 2
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Total 6
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TIFS Dividends

  Latest Previous
  Final Interim
Ex-Div 23-May-24 17-Aug-23
Paid 21-Jun-24 15-Sep-23
Amount 4.53¢ 2.30¢

Trades for 14-May-2024

Time Volume / Share Price
16:35 146,349 @ 139.20p
16:35 1,160 @ 139.20p
16:35 1,859 @ 139.20p
16:35 2,007 @ 139.20p
16:35 1,667 @ 139.20p

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