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thyssenkrupp AG Approves Marine Business Spin-Off
08/08/2025 - During thyssenkrupp AG’s extraordinary general meeting today, the shareholders approved a new, independent systems provider for the maritime defense market to be established, TKMS AG & Co. KHaA.
The company said as part of the transaction, 49% of the new business will be directly transferred to shareholders while thyssenkrupp AG retains a 51% majority stake.
“Becoming independent gives TKMS the entrepreneurial freedom it needs to further develop technological excellence and make a substantial contribution to national and alliance defense,” said Siegfried Russwurm, chairman of the supervisory board at thyssenkrupp AG.
The new structure will give TKMS direct access to the capital market, enabling finance growth, development of new technologies, and pursuing partnerships or acquisitions.
“With entrepreneurial independence, TKMS gains the freedom to drive innovation more rapidly, invest in a targeted manner, and respond flexibly to customer and market requirements,” said Miguel López, chief executive officer of thyssenkrupp AG.
The company said the transaction is an important step in thyssenkrupp Group’s strategic realignment.
“Becoming independent gives TKMS the entrepreneurial freedom it needs to further develop technological excellence and make a substantial contribution to national and alliance defense,” said Siegfried Russwurm, chairman of the supervisory board at thyssenkrupp AG.
The new structure will give TKMS direct access to the capital market, enabling finance growth, development of new technologies, and pursuing partnerships or acquisitions.
“With entrepreneurial independence, TKMS gains the freedom to drive innovation more rapidly, invest in a targeted manner, and respond flexibly to customer and market requirements,” said Miguel López, chief executive officer of thyssenkrupp AG.
The company said the transaction is an important step in thyssenkrupp Group’s strategic realignment.
