TKMS –officially branded as ThyssenKrupp Marine Systems until June 2025– is a group and holding company of providers of naval vessels, surface ships and

submarine A submarine (often shortened to sub) is a watercraft capable of independent operation underwater. (It differs from a submersible, which has more limited underwater capability.) The term "submarine" is also sometimes used historically or infor ...

s. It was founded when large industrial conglomerate

ThyssenKrupp ThyssenKrupp AG (, ; stylized as thyssenkrupp) is a German industrial engineering and steel production multinational conglomerate. It resulted from the 1999 merger of Thyssen AG and Krupp and has its operational headquarters in Duisburg and E ...

acquired

Howaldtswerke-Deutsche Werft Howaldtswerke-Deutsche Werft GmbH (often abbreviated HDW) is a German shipbuilding company, headquartered in Kiel. It is part of the ThyssenKrupp Marine Systems (TKMS) group, owned by ThyssenKrupp. The Howaldtswerke shipyard was founded in Kiel i ...

on January 5, 2005.

Composition

The group consists of: *

Kiel Kiel ( ; ) is the capital and most populous city in the northern Germany, German state of Schleswig-Holstein. With a population of around 250,000, it is Germany's largest city on the Baltic Sea. It is located on the Kieler Förde inlet of the Ba ...

, Germany * Meyer Wismar in

Wismar Wismar (; ), officially the Hanseatic City of Wismar () is, with around 43,000 inhabitants, the sixth-largest city of the northeastern German state of Mecklenburg-Vorpommern, and the fourth-largest city of Mecklenburg after Rostock, Schwerin and ...

, Germany * Atlas Elektronik in

Bremen Bremen (Low German also: ''Breem'' or ''Bräm''), officially the City Municipality of Bremen (, ), is the capital of the States of Germany, German state of the Bremen (state), Free Hanseatic City of Bremen (), a two-city-state consisting of the c ...

, Germany * Estaleiro Brasil Sul in Itajaí, Brazil * Hellenic Shipyards Co. in Skaramangas, Greece (25%) (until 2023) As of August 30, 2006, the group represented a sales volume of around €2.2 billion and had a workforce of 8,400 people. It is said that ThyssenKrupp wants to sell its Yards' Business in Emden, Kiel and Hamburg. On the 12th of April 2023, ThyssenKrupp sold its stake on Hellenic Shipyards to George Prokopiou.

History

The corporation opened a branch office in

Karachi Karachi is the capital city of the Administrative units of Pakistan, province of Sindh, Pakistan. It is the List of cities in Pakistan by population, largest city in Pakistan and 12th List of largest cities, largest in the world, with a popul ...

Pakistan Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia. It is the List of countries and dependencies by population, fifth-most populous country, with a population of over 241.5 million, having the Islam by country# ...

on 25 July 2007. By January 2009, it had become one of the biggest private shipbuilding companies in

. In 2017 the Israeli government and TKMS signed a deal for three Dakar-class submarines. Allegations of corruption surrounding the deal have led to the formation of an Israeli governmental committee of inquiry and subsequent prosecution for corruption. In 2021, TKMS received the biggest order in its history, worth €5.5 billion for six identical Type 212CD submarines (in partnership with

Kongsberg Gruppen Kongsberg Gruppen is a Norway, Norwegian multinational company, that supplies High tech, high-technology systems to customers in the merchant marine, Defense industry, defence, aerospace, Offshore drilling, offshore oil and gas industries, and Re ...

) for the German and Norwegian navies. In January 2021, ThyssenKrupp confirmed the acquisition of the Oceana shipyard in Itajaí, Brazil, becoming the company's first shipyard in Latin America, with the objective of building the new Brazilian ''Tamandaré''-class frigates. In 2023, the German government signalled that it was prepared to back a sale of TKMS by taking a supporting minority stake. Since 2024, ThyssenKrupp has been running a dual-track process for TKMS, which could result in either a sale or spin-off of the division. In June 2024, private equity firm Carlyle and German development bank KfW entered into negotiations to jointly acquire a majority stake in TKMS. By October 2024, Carlyle abandoned the negotiations.Matthias Inverardi, Kirsti Knolle and Christoph Steitz (23 October 2024)
Luerssen, Rheinmetall among potential suitors for Thyssenkrupp marine unit, sources say
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Reuters Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency ...

''.

References

External links

* {{DEFAULTSORT:Thyssenkrupp Marine Systems Shipbuilding companies of Germany Defence companies of Germany Manufacturing companies of Germany Military vehicle manufacturers Holding companies of Germany Holding companies established in 2005 Manufacturing companies established in 2005 Privately held companies of Germany Companies based in Kiel ThyssenKrupp Submarine builders