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ThyssenKrupp Marine Systems

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thyssenkrupp Marine Systems GmbH
Company typeGmbH
IndustryShipbuilding
FoundedJanuary 5, 2005; 19 years ago (2005-01-05)
Headquarters
Kiel, Schleswig-Holstein
,
Germany
Area served
Worldwide
Key people
Oliver Burkhard (Chairman and CEO)
OwnerThyssenKrupp
Number of employees
6000
ParentThyssenKrupp Industrial Solutions
SubsidiariesHowaldtswerke-Deutsche Werft
Hellenic Shipyards Co.
Atlas Elektronik
Websitewww.thyssenkrupp-marinesystems.com

ThyssenKrupp Marine Systems of Germany (often abbreviated TKMS) is a group and holding company of providers of naval vessels, surface ships and submarines. It was founded when large industrial conglomerate ThyssenKrupp acquired Howaldtswerke-Deutsche Werft on January 5, 2005.

Composition

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The group consists of:

As of August 30, 2006, the group represented a sales volume of around €2.2 billion and had a workforce of 8,400 people.

It is said that ThyssenKrupp wants to sell its Yards' Business in Emden, Kiel and Hamburg.[1]

History

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The corporation opened a branch office in Karachi, Pakistan on 25 July 2007. By January 2009, it had become one of the biggest private shipbuilding companies in Pakistan.

In 2017 the Israeli government and TKMS signed a deal for three Dakar-class submarines. Allegations of corruption surrounding the deal have led to the formation of an Israeli governmental committee of inquiry and subsequent prosecution for corruption.[2]

In 2021, TKMS received the biggest order in its history, worth €5.5 billion for six identical Type 212CD submarines (in partnership with Kongsberg Gruppen) for the German and Norwegian navies.[3][4]

In 2023, the German government signalled that it was prepared to back a sale of TKMS by taking a supporting minority stake.[5] Since 2024, ThyssenKrupp has been running a dual-track process for TKMS, which could result in either a sale or spin-off of the division. In June 2024, private equity firm Carlyle and German development bank KfW entered into negotiations to jointly acquire a majority stake in TKMS.[6] By October 2024, Carlyle abandoned the negotiations.[7]

References

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  1. ^ "Thyssenkrupp könnte seine Werften verkaufen". KN - Kieler Nachrichten (in German). 8 June 2018. Archived from the original on 29 July 2021. Retrieved 3 February 2019.
  2. ^ ToI Staff. "Israel signs scandal-ridden €3 billion deal with Germany to buy new submarines". www.timesofisrael.com. Retrieved 2023-09-27.
  3. ^ Sabine Siebold (23 June 2021), Germany backs 2.7 bln euro contract to buy two Thyssenkrupp submarines - source Reuters.
  4. ^ Laura Pitel, Patricia Nilsson and Alexandra Heal (25 October 2025), Carlyle drops bid for Thyssenkrupp defence unit over Berlin indecision Financial Times.
  5. ^ Laura Pitel, Patricia Nilsson and Alexandra Heal (25 October 2025), Carlyle drops bid for Thyssenkrupp defence unit over Berlin indecision Financial Times.
  6. ^ Christoph Steitz, Emma-Victoria Farr and Tom Käckenhoff (14 June 2024), Carlyle, KfW join forces in effort to buy Thyssenkrupp warship division, sources say Reuters.
  7. ^ Matthias Inverardi, Kirsti Knolle and Christoph Steitz (23 October 2024), Luerssen, Rheinmetall among potential suitors for Thyssenkrupp marine unit, sources say Reuters.
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