The Executive Board of thyssenkrupp AG has made significant progress in developing a strategic target model for the future course of the entire Group and will present its plans to the Supervisory Board of thyssenkrupp AG before the end of this fiscal year.
The central strategy involves systematically divesting all business units of thyssenkrupp, making them available for external investment. Key progress has already been made, including the partial spin-off of thyssenkrupp Marine Systems and the proposed 50/50 joint venture between thyssenkrupp Steel Europe and EPG. These moves mark significant steps forward in this plan.
Over the next few years, both the Materials Services and Automotive Technology segments will be prepared for market independence and eventual spin-offs, pending fulfillment of key requirements. The recently launched Decarbon Technologies segment will also follow this path, capitalizing on the expected boom in green tech markets.
Aside from the proposed steel joint venture, thyssenkrupp AG intends to maintain majority stakes in its business segments after preparing them for the capital markets. The objective is to create a streamlined, agile, and restructured industrial group, with thyssenkrupp AG serving as the strategic holding company overseeing strong, autonomous businesses.
“With the strategic transformation of thyssenkrupp, we are resolutely continuing on our chosen course. The future independence of our current segments, with the advantage of their own access to capital markets and the possibility of third-party investment, will increase their entrepreneurial flexibility, strengthen their investment plans and earnings responsibility, and improve transparency for investors,” said Miguel López, CEO of thyssenkrupp AG, explaining the vision.
“Such a step will enable us to leverage the full value creation potential of the businesses and use their independence in a targeted way for investments, market opportunities, and further growth. At the same time, thyssenkrupp AG will retain full control and continue to participate in the future performance of the businesses,” he added.
These planned steps align with thyssenkrupp AG’s stated strategy of positioning each business unit for optimal growth, profitability, and long-term competitiveness.
“thyssenkrupp nucera has developed positively in its current independent role, with direct access to external sources of capital and clear ownership structures,” says López.
The reorganization secures tangible career prospects for thyssenkrupp’s 96,000 employees across the globe.
“By creating the conditions for the best possible development of the segments, we are giving the people at thyssenkrupp a good and secure future,” says Wilfried von Rath, CHRO and Labor Director of thyssenkrupp AG.