TI Group [SEP] industry
TI Group
TI Group plc (formerly Tube Investments) was a holding company for specialised engineering companies. It was based in Abingdon, Oxfordshire. It was registered as "Tube Investments" in 1919, combining the seamless steel tube businesses of Tubes Ltd, New Credenda Tube (later known as Creda), Simplex and Accles & Pollock. Reynolds Tube joined the group in 1928.
Tube Investments was listed on the London Stock Exchange, and was a constituent of the FTSE 100 Index. It was acquired by Smiths Industries
mining equipment.
Demise of the business.
The company was acquired by TI Group in 1992.
In 1993 TI Group hived off seven former Dowty Group companies engaged in the manufacture of electronic equipment by way of a management buy-out to form Ultra Electronics.
In 1994 TI Group transferred the Dowty landing gear business into a joint venture formed with SNECMA, known as Messier-Dowty: in 1998 that business became wholly owned by Safran.
See also.
- Aerospace industry in the United Kingdom