Industryweek 4295 Thyssenkrupp

Thyssenkrupp Eyes Sale of Railway, Construction Operations

May 6, 2013
"In view of limited growth prospects on the German market and increased cost pressure, the materials services division believes the two activities will have better development opportunities outside the ThyssenKrupp Group," the group said.

FRANKFURT, Germany -- German heavy industry giant ThyssenKrupp AG (IW 1000/75) said Monday it is looking to sell its rail and construction activities due to the limited growth prospects.

The management of ThyssenKrupp's material services division informed the group's supervisory board "of its decision to initiate a sale process for the railway and construction operations, with combined sales of around 400 million euros ($523 million) and roughly 800 employees," the group said in a statement.

"In view of limited growth prospects on the German market and increased cost pressure, the materials services division believes the two activities will have better development opportunities outside the ThyssenKrupp Group," the group said.

Copyright Agence France-Presse, 2013

Popular Sponsored Recommendations

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Navigating Disruption: A Leader’s Guide to Strategy Under Uncertainty

Nov. 1, 2023
AI, sustainability, digital--industrials are facing disruptive forces that are redefining what it takes to win. What got your company where it is today won’t get you where you...

Food and Beverage 2024 Trends and Outlook for North America

Oct. 29, 2023
Ready to hear what 200 of your peers said are the top challenges and opportunities in 2024? Don’t fall behind. Uncover actionable insights to better prepare for 2024 in this whitepaper...

The Manufacturer's Guide to Transforming the Service Experience.

Sept. 11, 2023
Learn how a unified data platform can make your service experiences more efficient while reducing costs. Turn your service center into a profit center and map your service transformatio...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!