ThyssenKrupp to Sell Services Unit Next Year

Aug. 26, 2008

Unit has sales of $2.5 billion with 23,000 employees

On August 26, ThyssenKrupp announced plans to sell its Industrial Services division next year.

The unit has annual sales of around 1.7 billion euros (US$2.5 billion) and employs 23,000 people "but it is the smallest unit" in the group's services segment "and has the smallest synergies with the core business," a statement said.

Industrial services covers a range of activities that ThyssenKrupp performs for other groups, such as factory maintenance and assembly, repairs and protection against rust or other kinds of corrosion.

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.