Oct 18 2004
As part of its active portfolio optimization program, ThyssenKrupp AG has succeeded in disposing of further non-core businesses as of the end of fiscal year 2003/04 (September 30). The companies sold are Krupp Edelstahlprofile (KEP), Berkenhoff - both from the Steel segment - together with companies from the Facilities Services operating group of the Services segment.
With the disposal of KEP (sales around 370 million euros (all figures for fiscal year 2003/04); 1,300 employees; transaction volume approx. 100 million euros) and Berkenhoff (sales around 90 million euros; 680 employees; transaction volume 75 million euros), both from the Special Materials business unit, the Steel segment is continuing its systematic focusing on flat products.
KEP is active in specialty steel long products. The purchaser is Schmolz + Bickenbach GmbH of Düsseldorf. A manufacturer of nonferrous metal wire, Berkenhoff has been sold as part of a management buyout in combination with the acquisition of an interest by a financial investor.
With the disposal of Facilities Services, the Services segment is continuing its concentration on services for industrial customers. The transaction volume amounts to approx. -11 million euros. The 1,300 strong workforce generated sales of some 240 million euros in 2003/04.
The companies are active in technical and infrastructural facility management, building services and commercial property management. The first two activities have been acquired by the WISAG group, the third by Bilfinger & Berger.
For more information on steel manufacture, click here.