Latest news with #TKMS
India Gazette
3 days ago
- Business
- India Gazette
thyssenkrupp Marine Systems becomes TKMS, new brand, new claim and new colours
New Delhi [India], June 5 (ANI): thyssenkrupp Marine Systems, one of the world's leading enterprises in the naval industry, is celebrating the start of a new phase in the company's development with the launch of a new brand. From now on, it will operate under the new brand name TKMS and the new claim 'Your Maritime Powerhouse'. According to a company release, the new name and the new brand represent an important milestone along the path to the independent positioning of TKMS. The rebranding of the TKMS locations will take place in stages: initially at the main locations in Kiel and Bremen, then at the other facilities in Germany and abroad. The companies of the TKMS Group will be renamed accordingly under the new umbrella brand. Oliver Burkhard, CEO of TKMS, declared: 'Our new brand identity helps us to be perceived even more strongly as an independent company, in line with our plans to be listed on the stock exchange later this year. The abbreviation TKMS, used extensively thus far, is now a separate brand that combines our tradition, our present and our future. It is bold and stands for technological excellence, precision and clarity. All in line with our claim 'Your Maritime Powerhouse'.' 'TKMS clearly symbolises the One Company philosophy: As an integrated systems house, we are the only German naval company to unite all maritime fields under one roof. Not only do we have a long tradition of technical excellence, we also have a very pleasing track record, not least due to the numerous orders we have received in recent months. This spurs us on, and wewill continue to strengthen our leading role,' he added. According to a company release, the short, concise name of the TKMS brand stands for itself. In this way, an internally and externally established abbreviation has now become an independent company name and brand profile. The new colour spectrum is derived from the colours of submarines (black, anthracite), surface vessels (grey), the rank insignia of naval uniforms and steel production (yellow). This makes the new TKMS brand identity very different from the previous blue colour scheme, which is also widely used in the maritime defence industry. A new brand architecture also supports the company's consistent repositioning in terms of communication and ensures a clear structure: The operating units -surface vessels and submarines, the electronics and software solutions of ATLAS ELEKTRONIK and the civilian division NXTGEN - are therefore subordinated to the TKMS umbrella brand in the sense of a common brandidentity. 'It is sound and opportune that we increasingly speak with one voice to our customers and business partners and are visually perceived as a strong unified entity. Of course, this also applies especially to our employees,' explained Oliver Burkhard. According to a company release, the company is on its way to independence with a very well-filled order book: Following the order for four additional Type212CD submarines for the Federal Republic of Germany, the award of the contract for the construction of the new 'Polarstern' for the Alfred Wegener Institute and the recent signing of a contract for the follow-up order of two submarines for Singapore, the order book has now risen to around 18 billion Euro. (ANI)
Yahoo
3 days ago
- Business
- Yahoo
German submarine builder TKMS moves forward with spin-off
Thyssenkrupp is giving its marine division a new, yet familiar brand name ahead of its stock market debut. The company will in future consolidate all areas under the brand TKMS, the abbreviation for the Kiel submarine builder Thyssenkrupp Marine Systems, the company said on Wednesday. An investment by the federal government is "certainly an option," said TKMS chief executive Oliver Burkhard. "Desirable from our perspective, but not necessary." Burkhard expects that the supervisory board will deal with the plans by the end of June. The decision will then be made at an extraordinary general meeting, possibly in the summer, he said. According to Burkhard, a stock market listing could occur in the autumn. The aim is to access capital more easily through a spin-off. "However, this is not a miraculous multiplication of money." Parent company retains majority Thyssenkrupp board member Volkmar Dinstuhl described it as a logical step. The new holding company, in which shareholders will hold a 49% stake as part of the spin-off, is to be admitted to trading on the Frankfurt Stock Exchange. The parent company will retain the majority, he said. "TKMS is already a true success story," said Dinstuhl. Independence offers a good starting position for a possible national or European consolidation of the industry. "That's why we are also in talks with the federal government." In the past, there had already been discussions with the previous government and the development bank KfW about an investment by the federal government. On the election campaign trail, now Chancellor Friedrich Merz had promised the shipyard support for independence during a visit in January. Full order books TKMS says it is the world market leader for non-nuclear powered submarines and its order books are full until the early 2040s. In December, the Bundestag's budget committee approved the construction of four more 212CD class submarines for the German Navy. This means 10 such submarines have been commissioned - six for Germany and four for Norway. Burkhard said he expects Norway to also exercise the option for two more submarines. According to TKMS, the order book amounts to around €18 billion ($20.5 billion). The shipyard is also bidding for the construction of submarines for Canada. In addition to its main shipyard in Kiel, the defence company also has a shipyard in Wismar in the north-eastern state of Mecklenburg-Vorpommern, which, according to Burkhard, is to be upgraded for €220 million and is expected to provide about 1,500 jobs by 2029. In total, there are now reportedly 8,500 jobs there. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Thyssenkrupp to spin off 49% of defence division TKMS to shareholders
KIEL, Germany (Reuters) -Thyssenkrupp plans to spin off 49% of its defence division TKMS to shareholders as part of a listing later in the year, a board member of the German conglomerate said on Wednesday. The comments were made at a press event in Kiel, Germany, where Thyssenkrupp revealed the new branding for the division. TKMS has benefited from strong demand for military equipment that has helped boost its order book to a record 18 billion euros ($20.5 billion). Volkmar Dinstuhl, in charge of M&A and Thyssenkrupp's automotive division, said the conglomerate's shareholders "will hold a 49% stake as part of the spin-off", disclosing for the first time the size of the stake to be floated. Thyssenkrupp has so far only said it would keep a majority of TKMS, which makes frigates, submarines as well as sensor and mine-hunting technology, as part of the divestment which is planned to take place in 2025. The move continues Thyssenkrupp's strategy to sell stakes in its main business lines and turn into a holding company. Last year, the German firm sold a 20% stake in its steel division after listing its hydrogen business Thyssenkrupp Nucera in 2023. ($1 = 0.8797 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
4 days ago
- Business
- Reuters
Thyssenkrupp to spin off 49% of defence division TKMS to shareholders
KIEL, Germany, June 4 (Reuters) - Thyssenkrupp ( opens new tab plans to spin off 49% of its defence division TKMS to shareholders as part of a listing later in the year, a board member of the German conglomerate said on Wednesday. The comments were made at a press event in Kiel, Germany, where Thyssenkrupp revealed the new branding for the division. TKMS has benefited from strong demand for military equipment that has helped boost its order book to a record 18 billion euros ($20.5 billion). Volkmar Dinstuhl, in charge of M&A and Thyssenkrupp's automotive division, said the conglomerate's shareholders "will hold a 49% stake as part of the spin-off", disclosing for the first time the size of the stake to be floated. Thyssenkrupp has so far only said it would keep a majority of TKMS, which makes frigates, submarines as well as sensor and mine-hunting technology, as part of the divestment which is planned to take place in 2025. The move continues Thyssenkrupp's strategy to sell stakes in its main business lines and turn into a holding company. Last year, the German firm sold a 20% stake in its steel division after listing its hydrogen business Thyssenkrupp Nucera ( opens new tab in 2023. ($1 = 0.8797 euros)
ABC News
23-05-2025
- Business
- ABC News
Germany promotes 'proven' shipbuilding record in opening pitch for $10 billion Australian warship project
A German defence company pushing for a lucrative Australian frigate contract is pitching its "proven" global record on naval shipbuilding as it competes against a rival bid from Japan that is being heavily backed by Tokyo. Thyssenkrupp Marine Systems (TKMS), which helped design and integrate Australia's soon-to-be-retired ANZAC class fleet, is now wanting to build the Navy's new $10 billion General Purpose Frigates (GPF) slated to begin arriving from 2029. Last year the Albanese government announced warship designs from Japan's Mitsubishi Heavy Industries (MHI) and Germany's TKMS had been down-selected ahead of other offerings from South Korea and Spain for the massive program. Under the GPF program TKMS is proposing building its MEKO A-200 frigate operated by Egypt, while MHI is pitching its upgraded Mogami frigate, known as the 30FFM, which will soon enter service with Japan's Maritime Self Defence Force. A second "Australianised" version of the MEKO 200 which utilises SAAB's 9LV combat management system is also being evaluated and is believed to be highly favoured by Defence because of its easy integration with the Australian fleet. Government sources have told the ABC a decision on the winning design will be made before Christmas, with a contract to be signed by March next year to begin overseas construction of the first three frigates. After the first three frigates are constructed in either Germany or Japan, the Australian government wants to relocate production for the next eight warships to the Henderson shipyard outside Perth during the 2030s. In its first public comments since being shortlisted by Defence last November, Germany's TKMS has talked up its record of exporting its MEKO family of warships to 16 different navies worldwide, including NATO nations. This week the Head of Operating Unit Surface Vessels at TKMS, Dr Oliver Juckenhöfel, is visiting Australia to brief senior defence and government officials about the company's bid for the lucrative frigate project known as SEA3000. "There is no better example of our track record than the ANZAC Frigate Program, being part of the MEKO 200 family of frigates," Dr Juckenhöfel told a gathering at Germany's embassy in Canberra. "The ships were built in Australia by Tenix Defence (now BAE Systems), under a technology transfer agreement. TKMS provided key design expertise, system integration support, and ongoing upgrade solutions for the class. "Today, the ANZAC remains the gold standard for Australian naval shipbuilding — a project delivered not just on time and on budget, but with record levels of Australian industry content." Prior to arriving in Canberra, Dr Juckenhöfel also visited New Zealand which is looking to eventually replace its own smaller ANZAC class fleet but is not scheduled to do so until after Australia. "We are confident that the MEKO A-200 will serve not only as a powerful, reliable ship but also as a long-term investment in the future of the Australian Navy and the continuous naval shipbuilding and sustainment enterprise," Dr Juckenhöfel added. Last year Japan's Defence Chief told the ABC his country was willing to prioritise delivery of its new and upgraded Mogami warships ahead of his own navy, if the cutting-edge design is selected for a $10 billion contract. ABC
