ThyssenKrupp to Sell Industrial Services Unit

Aug. 26, 2008

Division doesn't fit into core business

The German industrial group ThyssenKrupp plans to sell its Industrial Services division next year, it said Aug. 26.

The unit has annual sales of around $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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