(IN BRIEF) thyssenkrupp has completed the sale of Acciai Speciali Terni S.p.A. by transferring its remaining 15% stake in AST to Italy’s Arvedi Group, making Arvedi the sole owner of the stainless steel business. The transaction finalizes the divestment originally … Read the full press release
Posted in Business, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Metals and Minerals, Türkiye
Tagged Acciai Speciali Terni, ACES 2030, Arvedi Becomes Sole Owner of Acciai Speciali Terni as thyssenkrupp Finalizes Stainless Steel Divestment, Arvedi Group, AST, divestment, financial holding company, Germany, high double-digit million euro cash inflow, Industrial Transformation, Italy, liquidity strengthening, Minority Stake, operational cooperation, portfolio streamlining, remaining 15 percent stake, sales organization, sole ownership, stainless steel business, stainless steel plant, Steel Industry, Strategic Realignment, Terni, ThyssenKrupp, ThyssenKrupp AG, thyssenkrupp completes AST divestment with sale of remaining 15 percent stake to Arvedi, thyssenkrupp Completes AST Exit With Sale of Remaining 15 Percent Stake to Arvedi Group, thyssenkrupp Strengthens Liquidity With Final Sale of AST Stake to Italy’s Arvedi Group, transaction completion, Türkiye, Volkmar Dinstuhl
(IN BRIEF) thyssenkrupp Automotive Technology has finalized the sale of its Automation Engineering unit to Agile Robots SE, marking a key step in its strategic portfolio transformation. The business will operate as Krause Automation within the Agile Robots Group, combining … Read the full press release
Posted in Automotive, Business, Financial, Germany, Industrial, Investment, Management, Metals and Minerals, Technology
Tagged aftermarket, Agile Robots SE, artificial intelligence, automotive industry, capital market readiness, chassis, components, corporate strategy, divestment, forging, Germany, industrial automation, Krause Automation, manufacturing technology, Munich, portfolio transformation, robotics, thyssenkrupp Automotive Technology, Volkmar Dinstuhl
Further milestone achieved in focusing the portfolio and realigning the group Stainless steel business will profit from new owner’s willingness to invest and attractive development prospects Parties agree not to disclose purchase price; closing expected within first half of 2022 … Read the full press release
Posted in Business, Germany, Industrial, Investment, Italy, Management, Metals and Minerals, News
Tagged Acciai Speciali Terni, Arvedi, AST, AST group, Austrian Action Composites GmbH, Cavaliere Giovanni Arvedi, divestment, FLSmidth, FMC Beteiligungs KG, innovations, investments, Martina Merz, Multi Tracks, Stainless Steel, stainless steel mill, ThyssenKrupp, Volkmar Dinstuhl
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