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Thyssenkrupp sells Carbon Components business

Posted on 11 Sep 2021 and read 2133 times
Thyssenkrupp sells Carbon Components businessThyssenkrupp has announced the sale of Thyssenkrupp Carbon Components GmbH to the Austrian company Action Composites GmbH, which was founded in 2011 and is a leading company in the automotive composites sector with annual sales of around 70 million euros and about 1,800 employees at four locations.

The company specialises in the development, design and production of carbon composite components. Customers include European premium vehicle manufacturers as well as international high-volume manufacturers.

As part of a ‘strategic realignment,’ the Thyssenkrupp group assigned Carbon Components to its ‘Multi Tracks segment’ in October 2020. Various options were subsequently examined for the future of the company, resulting in Thyssenkrupp deciding in May 2021 to discontinue the business, but with the signing of the contract between Thyssenkrupp and Action Composites, the ‘initiated discontinuation’ of Thyssenkrupp Carbon Components has been averted, securing around 100 jobs.

Michael Höllermann, chief human resource officer of the Multi Tracks segment, said: “Carbon Components stands for highly innovative products. Under the new management of Action Composites, there will be good opportunities for the employees. This was a decisive point for us in the sales negotiations.”

Christine Beuleke, Action Composite’s managing director, said:“For Action Composites, the purchase of TkCC is a further step towards quickly achieving global market leadership in the field of CFRP wheels for motorcycles and passenger cars.

“The location in Saxony, with its proximity to the Technical University of Dresden, forms an excellent basis for the Action Composites Group’s new technology and testing centre. A special focus here is on the development of sustainable materials and production processes.”