Overview
thyssenkrupp AG is a diversified industrial and technology group whose businesses span automotive components and production systems, decarbonization and plant technologies, materials distribution and processing, steel, and naval shipbuilding. Its business areas include Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe and Marine Systems; TKMS was separately listed in October 2025, with thyssenkrupp retaining a majority stake.[1] The company describes its purpose as shaping the future with customers through technology and sustainable solutions, under the claim “engineering. tomorrow. together.” [2]
The group operates in 48 countries and has approximately 720 locations.[2] In FY2024/25, sales were €32.837 billion and the workforce totaled 93,375 at September 30, 2025.[3] In the first nine months of FY2025/26, sales were €24.353 billion; the workforce was 89,813 at June 30, 2026.[4][5] [3][3][4][5][1][2]
Products & services
thyssenkrupp’s Automotive Technology business develops and manufactures automotive components, modules and systems for different vehicle drive types. Named products and capabilities include steer-by-wire, which replaces a mechanical steering shaft with digital steering; electric compressors using CO₂ refrigerant for vehicle thermal management; and axle production.[6][7]
Decarbon Technologies provides industrial plant engineering and technologies including thyssenkrupp nucera’s alkaline water electrolysis and oxygen-depolarized cathode technology, Uhde green-chemicals engineering and EnviNOX®, Polysius cement-plant engineering, and Rothe Erde slewing bearings for wind turbines. Nucera describes its scalum® alkaline electrolysis unit as a standardized 20 MW unit; an announced 300 MW project for Moeve uses 15 such units.[8][9][10]
Materials Services distributes materials and raw materials and offers processing, supply-chain management, warehousing and logistics. Its FY25 product-category mix was carbon steel 36%, nonferrous metals 26%, stainless steel 11%, raw materials 13%, plastics 5%, pipes and tubes 4%, and other 5%.[11][12] Steel Europe produces flat carbon steel products including hot-rolled coil, sheet steel, cut-to-length sheets, coated products, tinplate, medium coil, and grain-oriented and non-oriented electrical steel; conventional and CO₂-reduced variants are offered.[13]
Marine Systems, marketed as TKMS, supplies conventional submarines and naval vessels as well as unmanned systems, sensors, sonar, effectors, software and maritime guidance systems.[14] [6][8][11][12][13][14][7][9][10]
Geographic presence
thyssenkrupp operates in 48 countries. Its headquarters are in Essen, Germany, and its registered domicile is Duisburg and Essen.[15][16] In FY2024/25, the German-speaking area—Germany, Austria, Switzerland and Liechtenstein—was its largest reported sales region at €10.811 billion (33.0% of group sales), followed by North America at €7.857 billion (23.9%) and Western Europe at €5.673 billion (17.3%). Other reported sales regions were Central/Eastern Europe (€2.974 billion; 9.1%), Greater China (€1.577 billion; 4.8%), Middle East and Africa (€1.541 billion; 4.7%), South America (€1.003 billion; 3.1%), Asia/Pacific (€722 million; 2.2%), India (€567 million; 1.7%) and the CIS (€86 million; 0.3%).[17][18]
At September 30, 2025, the group employed 93,375 people. The German-speaking area accounted for 54,997 employees, including 52,148 in Germany; other reported regional totals were North America 12,079, Central/Eastern Europe 6,984, Western Europe 6,765, Greater China 4,824, Asia/Pacific 3,792, India 2,578, Middle East and Africa 826, and South America 530.[19][20][18] The company reports around 90 Automotive Technology manufacturing sites across four continents. Its Marine Systems shipyards include Kiel and Wismar, while Steel production sites include Duisburg and Bochum.[21][22][23] [17][18][19][20][16][22][15][21][23]
Business segments
thyssenkrupp reports five operating segments. Automotive Technology supplies vehicle components, systems and automation, as well as mechatronic solutions and forged components for mobility and construction machinery [24]. Decarbon Technologies covers bearings and renewable-energy solutions, chemical-plant engineering, cement and lime technologies, and industrial-scale electrolysis for clean hydrogen [25]. Materials Services provides materials distribution, processing, supply-chain management, warehousing and logistics [11]. Steel Europe makes flat carbon steel products, including hot-rolled, coated, tinplate and electrical steel [13]. Marine Systems develops and builds conventional submarines and naval vessels, and provides unmanned systems, sensors, sonar, software and other maritime-defense systems [14].
Based on FY2024/25 reported segment sales, the approximate mix across the five segments was Materials Services 33.7%, Steel Europe 28.9%, Automotive Technology 20.7%, Decarbon Technologies 10.3% and Marine Systems 6.4% [26]. These are shares of the sum of the five segments’ reported sales, not shares of consolidated Group revenue: segment sales include amounts reconciled at Group level, so the five segment totals do not equal consolidated sales [26]. The report identifies Corporate Headquarters separately; it is not one of the five operating segments [27][28]. [24][25][11][13][14][26][26][26][26][26][26][27][28]
Company history
Friedrich Krupp founded a cast-steel factory in Essen in 1811. Separately, August Thyssen established Thyssen & Co. in 1871; the company’s official history dates the beginning of the Thyssen Group timeline to 1891, when August and Joseph Thyssen took possession of Gewerkschaft Deutscher Kaiser and its steelworks began operating.[29][30] Thyssen became part of Vereinigte Stahlwerke in 1926. The two industrial lineages remained separate until Krupp and Thyssen merged in 1999 to form Thyssen Krupp AG.[31][30]
In later restructuring, thyssenkrupp sold its stainless-steel business Inoxum to Outokumpu in 2012.[32] It completed the sale of its Elevator Technology business in 2020 [33], and thyssenkrupp nucera was listed in 2023 [34]. In 2025, the TKMS spin-off became legally effective on October 17 and its shares began trading in Frankfurt on October 20 [35]. [33][34][35][29][31][30][32]
Sources
- www.thyssenkrupp.com[1]
- www.thyssenkrupp.com[2]
- THYSSENKRUPP — Press release (2025 Y)[3]
- THYSSENKRUPP — Press release (2026 Q 3)[4][5]
- THYSSENKRUPP — Full financial report (2025 Y)
- www.thyssenkrupp.com[7]
- www.thyssenkrupp-nucera.com[9]
- investors.thyssenkrupp-nucera.com[10]
- THYSSENKRUPP — Presentation (2026 Q 3)[12]
- www.thyssenkrupp.com[15]
- www.thyssenkrupp.com[21]
- www.thyssenkrupp.com[23]
- www.thyssenkrupp.com[29]
- www.thyssenkrupp.com[30]
- www.thyssenkrupp.com[31]
- ucpcdn.thyssenkrupp.com[32]
- THYSSENKRUPP — Full financial report (2020 Y)[33]
- THYSSENKRUPP — Full financial report (2023 Y)[34]
- THYSSENKRUPP — Full financial report (2026 Q 3)[35]
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