Thyssenkrupp

Thyssenkrupp AG is a German multinational conglomerate headquartered in Essen. Formed by the 1999 merger of Thyssen AG and Krupp AG, the company conducts steel production, engineering, and industrial services with activities in Europe, the Americas, and Asia.

The business is organized into four main divisions: Steel (Thyssenkrupp Steel), Elevator Technology (TK Elevator), Industrial Solutions (plant engineering and systems integration), and Materials Services (metals trading and processing). The group also develops automotive components and related services.

Elevator Technology operates as a standalone company following a joint venture arrangement with Advent International; TK Elevator provides elevators, escalators, and related services worldwide.

Thyssenkrupp has pursued restructuring in recent years to focus on its core businesses, including divestitures and reorganizations of non-core units. The company has faced challenges common to the steel sector and large industrial groups, including cyclical demand and competitive pressure.

Thyssenkrupp is listed on the Frankfurt Stock Exchange and maintains a global presence, employing tens of thousands of people in more than 60 countries.