Thyssenkrupp Materials Services, Germany’s largest steel distribution company, with locations elsewhere in Europe and in North America, has renamed itself tk accelis, effective immediately.
“The new brand highlights the company’s transformation from a pure materials distributor to a supply chain service provider,” the company says in a statement seen by Kallanish. The business has been trending towards more value-added processing services and solutions.
Furthermore, the new brand supports the company’s path to becoming an independent company in line with thyssenkrupp AG’s ACES 2030 strategy programme, the statement says.
For its steelmaking unit tk Steel Europe, the thyssenkrupp conglomerate has been trying to find a joint venture partner for some time. For the distribution unit, a potential spin-off became a topic more recently as the parent company seeks to become the holding company of the independent businesses.
The group intends to keep at least half of the ownership in tk accelis, a spokesperson recently told Kallanish. This comes after another large German player in steel distribution, Klöckner & Co, was acquired by Worthington Steel.
The new brand name derives from “accelerate” and “access”, conveying swift delivery and process efficiency as well as the availability of materials and services, the company explains.
“The new brand embodies what we stand for: speed, reliability, and seamless processes along global supply chains,” says Ilse Henne, ceo of tk accelis. And she adds: Our new name supports our preparations towards capital market readiness.”
In the fiscal year through September 2025, tk Material Services achieved an order intake of €11.4 billion ($13.1 billion), with 7.6 million tonnes of materials sold.
Author: Christian Koehl
