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Company News, 2004-02-27, 01:00 AM

Portfolio optimization continues

As part of the active portfolio optimization program of ThyssenKrupp Technologies, a best owner solution has been found for the coordinate measurement machines unit of Sheffield Automation, a company of Giddings & Lewis, USA. With the sale of this activity, the Technologies segment has taken a further step forward in the restructuring of its Metal Cutting business unit.

The purchaser is the Swedish technology company Hexagon, whose international activities are organized into four business areas: Automation, Engineering, Metrology and Polymers.

Sheffield Automation specializes in the manufacture of measurement and control equipment. The Sheffield Automation coordinate measurement machines ideally complement Hexagon`s product range and will become part of the Metrology business area. The acquisition will further expand Hexagon`s global presence.

In the past fiscal year alone, ThyssenKrupp made 39 changes to its portfolio. Since the merger in 1999 companies with a sales volume of 3.6 billion euros have been sold and companies with sales of 5.5 billion acquired.

Contact:

Anja Gerber
Corporate Public Relations
Telephone: +49 (201)106-3264
Fax: +49 (201)106-3265
E-Mail: gerber@tkt.thyssenkrupp.com
www.thyssenkrupp.com

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