1. Inhalt
  2. Navigation
  3. Weitere Inhalte
  4. Metanavigation
  5. Suche
  6. Choose from 30 Languages

Business

Thyssenkrupp, Shipbuilder HDW in Merger

The German industrial conglomerate ThyssenKrupp and the US investment fund OEP, which controls the shipbuilder HDW, have signed a merger agreement after several months of negotiations, ThyssenKrupp said Friday. The merger with HDW, the world's leading conventional submarine maker, will create an entity with annual sales of about €2.2 billion ($2.7 billion) and a workforce of 9,300. ThyssenKrupp has said it wants eventually to integrate HDW in its own ship-building venture, Blohm and Voss. It said Friday the merger was "the first stage in a wider consolidation of European shipbuilding." France and Germany have on several occasions backed the creation of a European shipbuilding consortium. (AFP)