German steel and industrial technology group Thyssenkrupp AG reported in August. Statement dated December 7, TK Accelis Group AG & Co. KGaA will spin off its materials distribution and supply chain maintenance business, creating a publicly listed supply, processing and logistics company. The new division will expand its operations beyond material distribution and warehousing, with a focus on digitalization and operational efficiency. ,
,Thyssenkrupp will remain the majority shareholder, owning 51% of the newly created company's shares, and the remaining 49% will be distributed among Thyssenkrupp shareholders.
This step is part of Thyssenkrupp's ongoing strategy to transform itself into a holding company with independent enterprise management. The company stated that this solution meets the changing demands of the market and customers. Siegfried Russwurm, Chairman of the Supervisory Board of the THYSSEPGIRR Today, industrial consumers expect more than just reliable supplies of materials," said Siegfried Russwurm, Chairman of the Supervisory Board of Thyssenkrupp. They need partners who understand global procurement markets and provide expertise in materials-related services, from precision manufacturing and processing to data–driven and AI-powered solutions, as Thyssenkrupp describes areas where there is potential to accelerate processes.
Thyssenkrupp said the company expects the new division to see increased demand due to geopolitical uncertainty and new trade barriers that are driving the transition to broader regional supply chains. The company also named aerospace, defense, data centers, industrial electrification, and infrastructure investments in Europe as potential growth sectors.
To provide the new company with access to the capital market, Thyssenkrupp plans to list TK Accelis on the Frankfurt Stock Exchange by the end of 2026.
TK Accelis employs 15,500 people and operates 400 branches in more than 30 countries. The company serves 250,000 customers and works with 11,000 suppliers. According to Thyssenkrupp, it is one of the leading manufacturer-independent distributors of materials in Europe in terms of sales and the third largest supplier in the North American market.
,, Author: , Katya Bouckley,,
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