Published by Global Banking & Finance Review®
Posted on January 10, 2025
1 min readLast updated: January 27, 2026
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Thyssenkrupp's marine division TKMS attracts interest from several firms, including Deutz, as it seeks partnership opportunities.
DUESSELDORF (Reuters) - Several companies have expressed an interest in a possible partnership with Thyssenkrupp's TKMS marine division, a company spokesperson said on Thursday after a newspaper reported German engine maker Deutz wanted to take it over.
Handelsblatt business daily cited industry sources as saying Deutz was among the companies that had submitted a non-binding offer for TKMS at the end of last year, adding the move would help Deutz to set up a new business area.
"We can confirm that several companies have expressed interest in a possible partnership with Thyssenkrupp Marine Systems (TKMS)," a Thyssenkrupp spokesperson said, adding they were subject to confidentiality.
"Irrespective of this, we are, as we have stressed, vigorously pursuing a spin-off of TKMS," added the spokesperson.
Deutz declined to comment.
Carlyle and German state-lender KfW had been poised to take a majority stake in TKMS, which makes submarines and frigates, but the U.S. investor dropped out in October, leaving Thyssenkrupp to pursue alternatives.
Handelsblatt had in December reported that Thyssenkrupp had received several bids from Rheinmetall, Luerssen and the German government.
(Reporting by Tom Kaekenhoff; Writing by Madeline Chambers; Editing by Miranda Murray)
Several companies, including Deutz, Rheinmetall, and Luerssen, have expressed interest in a partnership with Thyssenkrupp Marine Systems (TKMS).
Thyssenkrupp is vigorously pursuing a spin-off of TKMS, despite the interest from various companies.
Carlyle had been poised to take a majority stake in TKMS but dropped out in October, which left Thyssenkrupp to explore other options.
Thyssenkrupp Marine Systems (TKMS) specializes in manufacturing submarines and frigates.
Deutz declined to comment on their interest in Thyssenkrupp Marine Systems.
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