Thyssenkrupp steel distribution division tk accelis – formerly thyssenkrupp Materials Services – is to be spun-off and listed on the stock exchange.
The division has 15,500 employees, around 250,000 customers worldwide, and generates revenue of €11.4 billion ($13.2 billion), with 7.6 million tonnes of material sold in the 2024/25 fiscal year.
It emerged on the market under the new brand just a few days ago, which was the first step on the path towards independence (see Kallanish 11 June 2026). According to the parent group, tk accelis benefits from a strong position in fast-growing industries such as aviation, defence, and data centres, and therefore has a strong operating base for its next step on the capital markets.
The plans involve transferring a 49% minority interest to the shareholders of thyssenkrupp AG in proportion to their interest in thyssenkrupp AG and listing the shares on the Frankfurt Stock Exchange. The spin-off requires the approval of an extraordinary general meeting, projected for 7 August. If the general meeting approves the resolution, thyssenkrupp will retain a majority stake even after the spin-off. Tk accelis would then remain a fully consolidated company within thyssenkrupp, the group states.
“Tk accelis has made impressive progress in recent years. Its ceo, Ilse Henne, and her team are systematically positioning the company as a fully integrated materials distributor and powerful supply chain service provider,” says thyssenkrupp AG chief executive Miguel López. “Now is the right time to take the next step and establish tk accelis as an independent company.”
