Finance

Thyssenkrupp says several firms interested in marine division

Published by Global Banking & Finance Review

Posted on January 10, 2025

1 min read

· Last updated: January 27, 2026

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DUESSELDORF (Reuters) - Several companies have expressed an interest in a possible partnership with Thyssenkrupp's TKMS marine division, a company spokesperson said on Thursday after a newspaper

Thyssenkrupp's Marine Division Attracts Interest from Multiple Firms

DUESSELDORF (Reuters) - Several companies have expressed an interest in a possible partnership with Thyssenkrupp's TKMS marine division, a company spokesperson said on Thursday after a newspaper reported German engine maker Deutz wanted to take it over.

Handelsblatt business daily cited industry sources as saying Deutz was among the companies that had submitted a non-binding offer for TKMS at the end of last year, adding the move would help Deutz to set up a new business area.

"We can confirm that several companies have expressed interest in a possible partnership with Thyssenkrupp Marine Systems (TKMS)," a Thyssenkrupp spokesperson said, adding they were subject to confidentiality.

"Irrespective of this, we are, as we have stressed, vigorously pursuing a spin-off of TKMS," added the spokesperson.

Deutz declined to comment.

Carlyle and German state-lender KfW had been poised to take a majority stake in TKMS, which makes submarines and frigates, but the U.S. investor dropped out in October, leaving Thyssenkrupp to pursue alternatives.

Handelsblatt had in December reported that Thyssenkrupp had received several bids from Rheinmetall, Luerssen and the German government.

(Reporting by Tom Kaekenhoff; Writing by Madeline Chambers; Editing by Miranda Murray)

Key Takeaways

  • Several companies are interested in Thyssenkrupp's TKMS.
  • Deutz has reportedly submitted a non-binding offer.
  • Thyssenkrupp is pursuing a spin-off of TKMS.
  • Carlyle and KfW were potential stakeholders but plans changed.
  • Thyssenkrupp received bids from Rheinmetall and others.

Frequently Asked Questions

Which companies have shown interest in Thyssenkrupp's marine division?
Several companies, including Deutz, Rheinmetall, and Luerssen, have expressed interest in a partnership with Thyssenkrupp Marine Systems (TKMS).
What is the current status of Thyssenkrupp's spin-off plans for TKMS?
Thyssenkrupp is vigorously pursuing a spin-off of TKMS, despite the interest from various companies.
Why did Carlyle drop out of the TKMS stake acquisition?
Carlyle had been poised to take a majority stake in TKMS but dropped out in October, which left Thyssenkrupp to explore other options.
What type of products does Thyssenkrupp Marine Systems manufacture?
Thyssenkrupp Marine Systems (TKMS) specializes in manufacturing submarines and frigates.
Did Deutz provide any comments regarding their interest in TKMS?
Deutz declined to comment on their interest in Thyssenkrupp Marine Systems.

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