Profile and organizational structure
thyssenkrupp is an international group of companies with largely independent industrial and technology businesses.
We use our broad technological expertise to develop high-quality products and high-performance processes and services. Under a strong umbrella brand we want to make an important contribution to a better, more livable and more sustainable future with our products and services. Our brand promise and the high standards we set ourselves are reflected in our claim “engineering.tomorrow.together.”
Together with our customers we want to use our technologies and innovations to develop cost-effective and resource-friendly solutions to the challenges of the future. Our aim is to promote efficient use of resources and produce consumer and capital goods in a more eco-friendly way. Diversity and global reach define thyssenkrupp. We want to combine performance culture with entrepreneurial and social responsibility.
Organizational and management structure
As part of the ongoing transformation of our group of companies, since October 1, 2020 our business activities have been bundled in six segments: Materials Services, Industrial Components, Automotive Technology, Steel Europe, Marine Systems, and Multi Tracks – a new, independent segment in which we bundle businesses for which thyssenkrupp is considering a different ownership structure in the short- to mid-term.
The segments are generally divided into business units and operating units. The Marine Systems segment and the Bearings and Forged Technologies businesses combined in the Industrial Components segment are managed as business units directly by thyssenkrupp AG. As of September 30, 2021, 335 companies and 22 investments accounted for by the equity method are included in the consolidated financial statements; overall we consolidate companies from 56 countries.
Four regional platforms provide services required by the operating businesses in the various regions.
Moreover, effective October 1, 2020 our service units were combined in two companies, thyssenkrupp Services GmbH and thyssenkrupp Information Management GmbH, to provide crosscutting services to the businesses and Corporate Headquarters.