thyssenkrupp to sell Infrastructure Business toFMC Beteiligungs KG
thyssenkrupp announced the sale of its Infrastructure business unit to FMC Beteiligungs KG, a further successful step in the focusing of its portfolio as part of the initiated realignment. FMC, an entrepreneur-led independent German investment company, makes long-term investments in businesses with a focus on sustainable value growth to the benefit of employees and company. The two parties have agreed not to disclose the financial details of the transaction, which is subject to merger control approval and subject to the approval of the Supervisory Board of thyssenkrupp AG. The closing is expected to take place in the second half of the 2021 calendar year.
The Infrastructure business will profit from the new owner’s strategic plan for the gradual further development of the company. In particular this includes necessary investment in digitization and the development of existing and new markets. Furthermore, a best and fair owner-agreement has been concluded with the buyer, which in particular includes job and site guarantees.
In October 2020 thyssenkrupp Infrastructure was allocated to the Multi Tracks segment in order to find a new owner. With swift execution, the successful sale is the next step in the initiated transformation of thyssenkrupp. The aim is to create a high-performing “Group of Companies” with independent businesses, a lean holding company and a focus on systematic performance improvement across all businesses.
thyssenkrupp Infrastructure, a leading supplier in the fields of civil, marine, foundation and structural engineering, currently employs around 480 people. In the 2019/2020 fiscal year the business unit generated sales of around 140 million euros. Its portfolio includes steel sections and anchor technology, flood protection solutions, pile driving and extracting equipment, drilling, trench shoring and scaffolding systems.