ThyssenKrupp to Sell Services Unit Next Year

Unit has sales of $2.5 billion with 23,000 employees

On August 26, ThyssenKrupp announced plans to sell its Industrial Services division next year.

The unit has annual sales of around 1.7 billion euros (US$2.5 billion) and employs 23,000 people "but it is the smallest unit" in the group's services segment "and has the smallest synergies with the core business," a statement said.

Industrial services covers a range of activities that ThyssenKrupp performs for other groups, such as factory maintenance and assembly, repairs and protection against rust or other kinds of corrosion.

Copyright Agence France-Presse, 2008

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