On May 13, 2011 ThyssenKrupp AG decided on an integrated strategic development program to move the Group forward competitively and sustainably. It encompasses portfolio optimization, change management, and performance enhancement.

In connection with the portfolio optimization, the Group will be divesting businesses for which there are stronger alternative strategic options: For the Xervon group, ThyssenKrupp has now found a best owner in the environmental and industrial service provider REMONDIS AG & Co. KG. The closing took place on Wednesday, November 30, 2011.

With 19,000 employees, REMONDIS AG & Co. KG, Lünen, is a major privately owned service company focused on water and recycling services. The group provides professional services to more than 20 million people and thousands of companies around the world. The company generated sales of €5.4 billion in fiscal year 2010 and has over 500 locations in 28 countries. REMONDIS sees Xervon as a perfect strategic complement to its industrial services.

The Düsseldorf-based Xervon group, with over 9,000 employees and sales of €668 million in fiscal 2009/2010, is one of the world’s leading providers of technical services for industrial plant construction and maintenance. Its customers are mainly in the chemical, petrochemical, power generation and construction sectors. The company’s capabilities extend from individual services to comprehensive site management including budgeting, maintenance planning and execution, infrastructure services and operating ancillary systems.