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20 June 2019 The on-line newspaper devoted to the world of transports 00:59 GMT+2

October 1, 2018

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The German group Thyssenkrupp will be divided in two separate societies

In tk Materials they will meet the activities in the segment of the shipbuilding

The German group Thyssenkrupp has announced the subdivision of the company in two separated societies, called Thyssenkrupp (tk) Industrials and Thyssenkrupp (tk) Materials, both quoting in Stock exchange. The operation will be put into effect through the spin-off of tk Industrials and will be defined by the board of directors of the group in the next few months.

In the second society the activities of the group in the segment of the shipbuilding will be included are in the military sector that in that civilian, business that up to now - in the within of the segment Industrial Solutions - takes part of the Marine Systems division that in fiscal year 2016-2017, finished on September 30, 2017, has recorded a turnover of about 1,7 billion euros.

ABB Marine Solutions Evergreen Line Vincenzo Miele

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