German industrial conglomerate. In 2020 it sold its highly profitable elevator unit, TKE, to a consortium led by Advent and Cinven for €17.2bn. In April 2026 Finland's Kone announced it would combine with TKE to form the world's biggest liftmaker, paying €5bn in cash and €15.2bn-worth of shares. Thyssenkrupp used the elevator sale proceeds to reduce its gigantic debts. Miguel Lopez, chief executive since 2023, launched a restructuring plan in May 2025. In October 2025 he spun off Thyssenkrupp Marine Systems, a maker of submarines. He wants the group's remaining divisions to become independent businesses under a slim holding structure. The steel unit will probably be sold: Thyssenkrupp has been in talks for months with Naveen Jindal, an Indian billionaire.
It is said that your life flashes before your eyes just before you die. That is true, it's called Life. Terry Pratchett (1948-2015)