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ThyssenKrupp is the result of a merger of two German steel companies, Thyssen AG founded in 1891 under the name Gewerkschaft Deutscher Kaiser and Krupp founded in 1811. As early as the 1980s, the companies began negotiations on a merger and began closely cooperating in some business areas.
A Kone-Thyssenkrupp Elevator merger would create the world's biggest lift maker, leapfrogging market leader Otis, owned by United Technologies <UTX.N>, and Schindler in second place. Thyssenkrupp ...
Thyssenkrupp says it will either list the business, sell either a stake or the business in its entirety as the company aims to cut 12.4 billion euros ($13.7 billion) in debt and pension liabilities.
FRANKFURT/DUESSELDORF, Germany (Reuters) - Thyssenkrupp <TKAG.DE> will weed out some potential suitors for its elevator unit within the next two weeks, two people familiar with the matter said, as ...
MULTI is the first cable-less elevator developed by TK Elevator (formerly ThyssenKrupp Elevator). Rather than using cables to lift the elevator, MULTI uses linear motors. [1] As well as moving vertically between floors of a building, MULTI can also move horizontally through a floor of a building. MULTI is being tested at Rottweil Test Tower. [2 ...
In 1973, the company acquired Rheinstahl AG , which was mainly a manufacturing company. This takeover reduced the company's dominance in the steel industry and converted it to a conglomerate. In 1977, the company became Thyssen AG, with Rheinstahl AG already having been renamed Thyssen Industrie AG in 1976. In 1983, Thyssen Stahl AG was spun off.