Thyssenkrupp aims at splitting the marine division to exploit the defence boom in Europe
Thyssenkrupp AG is in the process of spinning off its naval naval division, hoping to take advantage of the surge in European defence spending and withdraw from an industry that has long been slow, expensive and difficult to scale
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Thyssenkrupp AG is in the process of divesting its naval marine division, hoping to take advantage of soaring European defence spending and withdraw from an industry that has long been slow, expensive and difficult to scale. According to Bloomberg reports, shareholders will vote today, Friday 8 August, on a proposal to list a minority stake in Thyssenkrupp Marine Systems, which builds submarines and surface ships for the German navy and other customers around the world. The company will retain a 51% stake in TKMS, enough to maintain control while unlocking the value of a division poised to benefit from increased defence spending.
If approved, TKMS will be listed on the Frankfurt stock exchange between autumn 2025 and early 2026, marking another step in CEO Miguel Lopez's efforts to dismantle the conglomerate and transform it into a leaner industrial holding company.
'We are giving the company the entrepreneurial freedom to act faster, invest more strategically, and expand its leadership position,' Lopez said in a comment reported by Bloomberg News before the shareholders' meeting.
