ABC TECHNOLOGIES TO BE TAKEN PRIVATE

TORONTO, Sept. 5, 2023 /CNW/ - ABC Technologies Holdings Inc. (TSX:ABCT.TO) ("ABC Technologies", "ABC" or the "Company"), a leading manufacturer and supplier of custom, highly engineered technical plastics and lightweighting innovations to the North American light vehicle industry, today announced that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with AP IX Alpha Holdings (Lux) S.à.r.l. ("Alpha Holdings"), OCM Luxembourg OPPS XI S.à.r.l. ("OPPS XI") and OCM Luxembourg OPPS XB S.à.r.l. ("OPPS XB", and together with OPPS XI, the "Oaktree Funds" and together with Alpha Holdings, the "Purchasers"), whereby the Purchasers will acquire all of the common shares of the Company (the "ABC Shares") not already owned by them, subject to obtaining securityholder and other customary approvals (the "Transaction"). Under the terms of the Arrangement Agreement, the Purchasers will acquire the ABC Shares that they do not currently own for C$6.75 in cash per ABC Share (the "Consideration").