page_title: ThyssenKrupp
section_title: Mergers and acquisitions
hierarchical_section_title: ThyssenKrupp / History / Mergers and acquisitions
caption_attribution_description: Deutsch: ThyssenKrupp-Quartier, Gebäude Q1 English: Corporate Headquarter of ThyssenKrupp, building Q1 Español: Edificio Q1, casa matriz de ThyssenKrupp en Essen, Alemania. Français&#160;: Bâtiment Q1 du siège social de ThyssenKrupp à Essen en Allemagne. Polski: Budynek Q1 wchodzący w skład kompleksu budynków stanowiących główną siedzibę koncernu ThyssenKrupp znajdującą się w Essen, w Niemczech. Русский: Штаб-квартира концерна ThyssenKrupp, строение Q1 (Эссен, Германия). Bosanski: Sjedište korporacije ThyssenKrupp, zgrada Q1. Esperanto: Korporacio stabejo de ThyssenKrupp en Asindo, Germanio. Magyar: A ThyssenKrupp székhelyének Q1-es épülete, Essen, Németország Italiano: L'edificio Q1 del quartier generale della ThyssenKrupp a Essen in Germania. 한국어: 티센크루프의 본부 Q1 빌딩. Nederlands: Het gebouw Q1 van het hoofdkwartier van het technologiebedrijf ThyssenKrupp in de Duitse stad Essen.
context_page_description: ThyssenKrupp AG is a German multinational conglomerate with focus on industrial engineering and steel production. The company is based in Duisburg and Essen and divided into 670 subsidiaries worldwide. It is one of the world's largest steel producers; it was ranked tenth-largest worldwide by revenue in 2015. The company is the result of the 1999 merger of Thyssen AG and Krupp, and now has its operational headquarters in Essen. The largest shareholders are Alfried Krupp von Bohlen und Halbach Foundation and Cevian Capital.
  In addition to steel production, ThyssenKrupp's products range from machines and industrial services to high-speed trains, elevators and shipbuilding. Subsidiary ThyssenKrupp Marine Systems also manufactures frigates, corvettes and submarines for the German and foreign navies.
  In 2018, ThyssenKrupp announced that the company would split into two companies, ThyssenKrupp Industrials and ThyssenKrupp Materials. The split was supposed to take effect beginning 1 October 2019; however, in May 2019, it was revealed that ThyssenKrupp cancelled its plans to split the company into two.
context_section_description: During a period of expansion in 1978, Thyssen AG entered the North American automotive industry with the acquisition of Budd's automotive operations, which became the automotive division of Thyssen and operated in North America as Budd Thyssen, later ThyssenKrupp Budd Co. In October 2006, ThyssenKrupp sold ThyssenKrupp Budd's North American body and chassis operations to Martinrea International Inc.
  In 1988, ThyssenKrupp acquired German shock absorber manufacturer Bilstein, where it became a division until 2005, where it became a wholly owned subsidiary.
  In 1991, ThyssenKrupp acquired German company Hoesch AG.
  In 1999, Thyssen (one of the companies of the merger to form Thyssenkrupp Elevator) acquired the elevator division of American-based conglomerate Dover Corporation. Four years later, ThyssenKrupp acquired the Korean-based Dongyang Elevator.
  In 2005 ThyssenKrupp acquired Howaldtswerke-Deutsche Werft (HDW) in Kiel from One Equity Partners.  One Equity Partners holds 25% of the TKMS shares.
  In December 2005, ThyssenKrupp acquired 60% of Atlas Elektronik from BAE Systems, with EADS acquiring the remaining 40%.
  In August 2007, ThyssenKrupp Materials North America acquired OnlineMetals.com, a small-quantity distributor of semi-finished metals and plastics based in Seattle, Washington.
  In early 2008, ThyssenKrupp Aerospace acquired Apollo Metals and Aviation Metals, both suppliers to aerospace and defence based in Kent, Washington.
  In June 2012, ThyssenKrupp sold Thyssenkrupp Waupaca to KPS Capital Partners. ThyssenKrupp Waupaca is tier two supplier to the automotive industry, located in Waupaca, Wisconsin.
  In April 2014, ThyssenKrupp announced it was in talks to sell its Swedish maritime defence unit to Saab after failing to agree deals with the Swedish government for a new generation of submarines.
  ThyssenKrupp Access, the global manufacturer of home elevators, wheelchair lifts and stair lifts, has tied up with Chennai-based Indian Company Elite Elevators. The company has launched luxury home elevators segments targeting HNI Clientele  to launch high-end elevators in India. In June 2018, Thyssenkrupp signed a final agreement with India's Tata Steel to establish a long-expected steel venture. The 50-50 joint venture will be called Thyssenkrupp Tata Steel and will be the second largest steel producer in Europe, after ArcelorMittal.
caption: Corporate headquarters in Essen.
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