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thyssenkrupp prepares to make all business lines independent entities

thyssenkrupp AG has announced plans to gradually decouple all business lines and open them up to outside investors. The Executive Board will present the new roadmap to the Supervisory Board of thyssenkrupp AG before the end of the current fiscal year.

thyssenkrupp prepares to make all business lines independent entities

In a statement made by thyssenkrupp, it was reported that while the minority stake of thyssenkrupp Marine Systems was separated in this direction, it is planned to establish a 50-50 percent joint venture between thyssenkrupp Steel Europe and EPG. Materials Services and Automotive Technology units are also planned to be opened to capital markets in the coming period and become independent when favorable conditions arise.

In addition, in parallel with the increasing global interest in green technologies, the newly established Decarbon Technologies unit is also expected to have a separate structure in the future. thyssenkrupp AG will continue to hold controlling stakes in all business lines except for the steel joint venture.

Miguel López, CEO of thyssenkrupp, stated, “The separation of our existing business lines will increase investment flexibility, provide access to external resources and create a more transparent structure for investors. This will allow us to better assess the potential of each unit.”

Drawing attention to the successful performance of thyssenkrupp nucera, thyssenkrupp's subsidiary in the field of hydrogen technologies, López stated that they plan to establish similar structures in other business lines based on this example.

Human Resources Director Wilfried von Rath stated that the global structure with 96 thousand employees offers a stronger future to employees with this transformation. von Rath stated, “Strong and competitive business lines are the basic condition for the sustainability of employment. The commitment of our employees to the thyssenkrupp brand will be one of the main pillars of this new era.”

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