(See) TKMS AG & Co. KGaA

[Schneemann]

Thyssenkrupp might shed naval business

German industrial conglomerate Thyssenkrupp is exploring divesting its Marine Systems (TKMS) business to facilitate consolidation in the fragmented European naval shipbuilding industry.

One option under consideration is to combine TKMS with another shipbuilder, Thyssenkrupp said on 2 December. Another is to turn TKMS into a standalone entity, which could ultimately lead to a merger with another shipbuilder. The TKMS review is in an early stage, according to Thyssenkrupp CEO Martina Merz.

TKMS builds submarines, surface ships, and electronic systems for naval customers. In fiscal year (FY) 2020–21, which ended on 30 September 2021, the business generated sales of EUR2 billion (USD2.3 billion) [...]. Its adjusted earnings before interest and taxes rose 30% to EUR26 million, and its order intake more than tripled to EUR6.7 billion.

https://www.janes.com/defence-news/naval...l-business

Schneemann