Industrial group: Thyssenkrupp's materials division aims for stock exchange listing still in 2026
Thyssenkrupp will decide on a spin-off of its materials business this week. The move would bring in fresh capital. Division head Henne reveals what the money is needed for.
Thyssenkrupp, the German industrial conglomerate, is on the verge of implementing its second major step in its new strategy. On August 7th, shareholders are set to vote on a plan to separate TK Accelis, the company's material business, from Thyssenkrupp Materials Services. Ilse Henne, the head of TK Accelis, aims to steer the unit towards rapid growth.
"Our goal is to achieve a stock market listing by 2026," Henne told the Handelsblatt. "We are already engaged in positive talks with various investors." The stock market listing is the authorization to trade on the stock exchange, which the company currently does not plan to pursue. TK Accelis is one of the world's largest metal traders and supply chain service providers, sourcing, storing, processing, and distributing steel, non-ferrous metals, plastics, and other industrial materials for clients from sectors such as automotive, machinery, aerospace, and energy.
In recent years, the former Materials Services division has increasingly moved away from being a traditional metal trader towards a provider of integrated supply chain and service solutions. In the fiscal year 2024/25, TK Accelis generated revenue of 11.4 billion euros and claims to be the market leader in Europe and the third-largest player in North America.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
