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ThyssenKrupp AG (/ ˈ t ɪ s ən. k r ʊ p /, German: [ˌtʏsn̩ˈkʁʊp]; [5] stylized as thyssenkrupp) is a German industrial engineering and steel production multinational conglomerate. It resulted from the 1999 merger of Thyssen AG and Krupp and has its operational headquarters in Duisburg and Essen .
In 1997, the flat steel production divisions of both groups were merged to form Thyssen Krupp Stahl AG. On 17 March 1999, a new group formed by the merger of Thyssen and Krupp was registered, and on 23 October the merger took place, forming Thyssen-Krupp AG (TK). [2]
Germany’s Thyssenkrupp will split into two companies, one focused on capital goods and the other on materials, in efforts to simplify the conglomerate's complex structure. Thuy Ong reports
ThyssenKrupp Marine Systems of Germany (often abbreviated TKMS) is a group and holding company of providers of naval vessels, surface ships and submarines. It was founded when large industrial conglomerate ThyssenKrupp acquired Howaldtswerke-Deutsche Werft on January 5, 2005.
Nevertheless, Thyssen agreed to merge the two firms' flat steel operations, and Thyssen Krupp Stahl AG was created in 1997 as a jointly owned subsidiary (60% by Thyssen and 40% by Krupp). About 6,300 workers were laid off. Later that year, Krupp and Thyssen announced a full merger, which was completed in 1999 with the formation of ThyssenKrupp ...
Martina Merz (born March 1, 1963), is a German engineer who served as Chief executive officer (CEO) of ThyssenKrupp from 2019 to 2023, [1] [2] [3] and has been called "the most powerful woman in the German economy". [4]
thyssenkrupp Materials Services GmbH (tkMX) is the lead company of the business area of the same name and part of the diversified German industrial group thyssenkrupp AG. Materials Services is a global materials distributor [ 1 ] as well as a technical and infrastructural service provider for the B2B-sector . [ 2 ]
On 1 October 2010, Hiesinger left Siemens to join the board of ThyssenKrupp. On 21 January 2011, Hiesinger succeeded Ekkehard Schulz as CEO; [5] he was the first ThyssenKrupp CEO to be hired from outside the steel industry when Chairman Gerhard Cromme brought him over from Siemens. In that capacity, he was responsible for the Asia/Pacific and ...