thyssenkrupp, headquartered in Essen, Germany, is a leading conglomerate with focus on industrial engineering and steel production. The company has operation in around 78 countries and it has more than 162,000 employees all over world. The group has five business areas- Automotive Technology, Elevator Technology, Plant Technology, Material science and Steel Europe, the business Marine System, Bearings and Forged Technologies.
The major deals and investments by thyssenkrupp are mentioned below:
- March 2020: Águas Azuis, Brazil has signed a contract with Emgepron, a company linked to the Ministry of Defense through the Brazilian Navy Command for building four new Tamandaré Class Ships. The new ships were schedule to deliver between 2025 and 2028. Águas Azuis was created by thyssenkrupp Marine Systems, Embraer Defense & Security and Atech.
- February 2020: thyssenkrupp sells its Elevator Technology business to a consortium led by Advent, Cinven and RAG foundation for $18.5 billion. The deal will help thyssenkrupp to implement its transformation strategy. The transaction will accelerate the business performance of the company. thyssenkrupp has announced new specific plans for the further development of the various businesses across the world. The company will move forward with the implementation of the measures and the restructuring of the company after the completion of this deal.
- January 2020: thyssenkrupp Elevator announced that it won the bid to provide the first metro in Western China with 234 elevators and escalators. With Metro Line 1, the Chinese City of Luoyang, one of the four historical capitals where 13 dynasties ruled, has officially entered the “”metro era””. It will be operational in 2021.
- December 2019: thyssenkrupp announced its new collaboration with Wilhelmsen, one of the largest maritime products and services provider in the world, to jointly develop Additive Manufacturing (AM). As per MoU thyssenkrupp and Wilhelmsens Marine Products division will collaborate on providing 3D-printed components for maritime vessels.
- October 2019: thyssenkrupp Steel announced the construction of new hot-dip coating line in Dortmund. The companys FBA10 will produce steels for interior vehicle parts and outer panel applications as well as highly innovative zinc-magnesium products. FBA10 will create more than 100 new jobs and scheduled to start operation in 2021.