ESSEN / KIEL / LONDON (IT BOLTWISE) – Germany’s leading naval shipbuilder TKMS, a subsidiary of Thyssenkrupp, is entering the Frankfurt Stock Exchange today. This step marks a significant milestone in the company’s history and is part of a comprehensive corporate restructuring. Thyssenkrupp shareholders will receive new shares as part of the spin-off from TKMS, which underlines the strategic realignment of the group.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
The IPO of TKMS, Germany’s largest naval shipbuilder, represents a significant step in the strategic realignment of Thyssenkrupp. The shares of TKMS, a subsidiary of the Essen-based industrial group, will be traded on the Frankfurt Stock Exchange from today. This decision follows an extraordinary general meeting of Thyssenkrupp shareholders in August, at which the Thyssenkrupp Marine Systems division decided to become independent.
TKMS, which emerged from the traditional Kiel shipyard HDW, is the world leader in the construction of non-nuclear submarines. The company employs around 8,300 people, including around 3,700 at its headquarters in Kiel. Further locations are in Wismar, Hamburg, Bremen, Emden and Itajaí in Brazil. CEO Oliver Burkhard, former labor director of Thyssenkrupp, heads the company.
Thyssenkrupp retains the majority of TKMS with 51 percent, which underlines the strategic importance of the marine division for the group. TKMS’ order books are well filled, particularly through the construction of Class 212CD submarines for the German Navy and Norway. These projects ensure the shipyard’s capacity utilization until the 2040s and have an order volume of 18.5 billion euros.
Another potential major order could come from Canada, where TKMS is competing to build eight to twelve conventional submarines. Canadian Prime Minister Mark Carney visited the shipyard in Schleswig-Holstein in August to see TKMS’ capabilities. If TKMS were to win the contract, the boats could be built in both Kiel and Wismar, which would further strengthen the importance of the German locations.
*Order an Amazon credit card with no annual fee with a credit limit of 2,000 euros! a‿z
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “TKMS goes public: A new course for Germany’s largest naval shipbuilder”.