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Company News, 2013-05-06, 04:50 PM

Materials Services initiates sale process for Rail and Construction activities

The Management Board of Materials Services informed the business area’s Supervisory Board today of its decision to initiate a sale process for the Railway/Construction operations, with combined sales of around 400 million euros and roughly 800 employees.

In view of limited growth prospects on the German market and increased cost pressure, Materials Services believes the two activities will have better development opportunities outside the
ThyssenKrupp Group. Employees and the authorities investigating the rail cartel have been informed about this decision.

Background
ThyssenKrupp GfT Gleistechnik is an end-to-end supplier of track and track equipment. The range centers on new and used track materials such as rails, ties, turnouts and fasteners and is rounded out by new and refurbished rolling stock, wagon equipment and a full spectrum of services.

With an integrated range of machinery, plant and equipment and customer-focused services
ThyssenKrupp GfT Bautechnik is specialized in civil engineering. Advice on pile installation, structural analyses, pile driving and anchoring plans, customer service and spare parts round out its capabilities and make the company a full-range supplier for marine and special civil engineering projects.

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