Capital market-relevant press releases, 2009-01-13, 03:00 PM
ThyssenKrupp Technologies acquires 25 percent stake from OEP
Effective January 12, 2009 ThyssenKrupp Technologies has acquired the 25 percent stake in ThyssenKrupp Marine Systems AG held by One Equity Partners (OEP) to become the sole owner of the European shipyards group.
With this acquisition, ThyssenKrupp Technologies is systematically continuing its shipyards strategy and strengthening its market position. ThyssenKrupp Technologies acquired Atlas Elektronik jointly with EADS in August 2006 and the EADS marine electronics business was integrated into Atlas Elektronik.
ThyssenKrupp Marine Systems AG was formed in January 2005 through the merger of ThyssenKrupp Werften and the HDW group. ThyssenKrupp Technologies initially held 75 percent and OEP 25 percent of the shares in the shipyard alliance with locations in Germany, Sweden and Greece.
ThyssenKrupp Marine Systems is one of the leading system suppliers in the international shipbuilding sector. Its activities focus on the development and building of submarines and surface naval vessels, civil shipbuilding, ship repair and conversion, and a range of services.
ThyssenKrupp Technologies thanks OEP for a cooperative partnership and the constructive role played by OEP as shareholder. The parties have agreed not to disclose the purchase price.