Thyssenkrupp Sells Carbon Components Business to Action Composites
thyssenkrupp has announced the sale of thyssenkrupp Carbon Components GmbH to Action Composites GmbH from Austria. This represents another important success for the group in focusing its portfolio as part of its corporate restructuring. The two parties have agreed not to disclose the financial details of the transaction. The closing of the transaction is expected within the next few weeks. As part of its strategic realignment, the thyssenkrupp group assigned the Carbon Components business to its Multi Tracks segment in October 2020. Various options were subsequently examined for the future of the business, resulting in thyssenkrupp deciding in May 2021 to discontinue the business.
With the signing of the contract between thyssenkrupp and Action Composites, the initiated discontinuation of thyssenkrupp Carbon Components can be averted. This is good news not only for the thyssenkrupp group but also in particular for the customers and roughly one hundred employees of thyssenkrupp Carbon Components.
Action Composites, founded in 2011, is a leading company in the automotive composites sector with annual sales of around EUR 70 million and approximately 1,800 employees at four locations. The company specializes in the development, design and production of carbon composite components. Customers include European premium vehicle manufacturers as well as international high-volume manufacturers.
thyssenkrupp Carbon Components will benefit from the production and sales network of Action Composites, giving it positive prospects for continuation including the opportunity to bring the products developed at the Kesselsdorf site near Dresden into volume production.