Global steelmaking conglomerate thyssenkrupp plans to sell its infrastructure business to German investment firm FMC Beteiligungs K.
The deal will help thyssenkrupp to re-align its core steel production portfolio. Financial details are unavailable yet, however, the company noted on Aug 9 that the merger is expected to close by H2 2021.
thyssenkrupp Infrastructure has a workforce of 480 and reported €140mn in sales in the last fiscal. The company supplies marine, civil and constructional engineering entities with specialist equipment, including drilling, trench shoring, and extraction.