en.Wedoany.com Reported - German industrial group thyssenkrupp AG's Supervisory Board approved on June 16, 2026, the plan to spin off and list its materials services business (formerly thyssenkrupp Materials Services) as an independent entity under the brand tk accelis. Under the plan, thyssenkrupp will transfer a 49% minority stake in tk accelis to existing shareholders on a pro-rata basis and list it on the Frankfurt Stock Exchange. The spin-off still requires approval at an extraordinary general meeting to be held on August 7, 2026. Upon completion of the spin-off, thyssenkrupp will continue to hold a majority stake in tk accelis, and the business unit will remain a fully consolidated subsidiary of the thyssenkrupp Group.
Headquartered in Essen, Germany, thyssenkrupp AG is a diversified industrial group with businesses spanning steel, materials services, automotive technology, industrial components, and marine systems, employing approximately 91,000 people worldwide. The materials services business tk accelis, which is being spun off, officially launched under its new brand on June 10, 2026. This business unit serves around 250,000 customers globally, employs 15,500 people, and reported sales of €11.4 billion in the 2024/25 fiscal year, with total material sales volume reaching 7.6 million tons. tk accelis operates under a "Materials-as-a-Service" business model, offering material distribution and trading, customized processing, and data-driven supply chain management services.
tk accelis holds a strong position in fast-growing industries such as aviation, defense, and data centers. Despite weak demand in the machinery and automotive sectors, its extensive global footprint and the development of digital trading platforms provide support for the business. Siegfried Russwurm, Chairman of the Supervisory Board of thyssenkrupp, stated that the spin-off of tk accelis marks another important milestone in the ACES 2030 future strategy model, following the successful listing of TKMS last year, as thyssenkrupp continues to advance its strategic transformation. Miguel López, CEO of thyssenkrupp, said that tk accelis has made remarkable progress in recent years, and now is the right time to establish it as an independent company.
This spin-off is a key step in thyssenkrupp's deep restructuring strategy. According to the group's plan, thyssenkrupp will gradually operate its various business segments independently, ultimately transforming into a financial holding company. Previously, the naval systems business (TKMS) was listed in 2025; the automotive components business, green technology business, and steel business are also slated for future independent operation or partial sale. Industry insiders estimate that as an independent company, the materials services business could be valued at approximately €2 billion to €3.6 billion.
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