The German industrial giant is reforming its business: divisions will become independent
German industrial giant Thyssenkrupp has announced plans to turn into a holding company with controlling stakes in individual business segments. This is stated in the message of the conglomerate.
The future strategic target model will be presented to the Supervisory Board before the end of the current fiscal year. It is noted that the basis of the plans is the gradual separation of all business segments and their opening to third-party investments. Thanks to the initial allocation of a minority stake in Thyssenkrupp Marine Systems and the planned 50/50 joint venture between Thyssenkrupp Steel Europe and EPG, steps have already been taken in this direction.
The German group will separate the divisions of Material Services and Automative Technology – in the coming years they will also be prepared to enter the capital markets. These business units will become independent as soon as the necessary prerequisites are met. Later, the company plans to allocate the newly created Decarbon Technologies segment, in line with the expected growth in the green technology markets.
He added that such a step would allow the company to fully exploit the value creation potential of enterprises and purposefully attract their independence for investment, market opportunities and further growth.
The conglomerate said that, with the exception of the planned joint steel venture, Thyssenkrupp AG is committed to maintaining controlling stakes in all business areas.