Cover of the 1st issue of the company merger update magazine "Fusion aktuell" in March 1998.
The idea of a merger is not a new one. It has been addressed by generations of managers in the preceding decades. With globalization advancing in the late 1990s, Thyssen and Krupp are also ready to agree to a merger.
They commence talks on further cooperation in August 1997 after establishing a joint flat carbon steel company.
The strategic opportunities and potential synergies offered by a full merger are found to be huge. ThyssenKrupp AG is officially registered on March 17, 1999 and commences operations with economic effect at October 1, 1998.
The activities of the new company are initially combined in 23 different business units allocated to the five segments Steel, Automotive, Industries, Engineering and Materials & Services.