Technology

Restoring the operational and financial competitiveness of thyssenkrupp

Helping realign thyssenkrupp’s growth

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Sector Technology
Sub-sector Manufacturing
Location Germany

Opportunity

thyssenkrupp is a German multinational conglomerate focusing on industrial-related businesses. Their Elevator Technology division, founded in 1974, is a leading manufacturer of elevators, escalators, aircraft boarding bridges and accessibility products.

Following years of increasingly deteriorating financial performance, they evaluated a fundamental realignment of their business strategy including a trade sale of their Elevator Technology business.

Approach

Macquarie Capital acted as adviser to the supervisory board of thyssenkrupp on the €17.2bn (~$A29bn) sale of their Elevator Technology business to a consortium led by Advent, Cinven and RAG.

Outcome

Paving the way for thyssenkrupp to strengthen and grow their business.

Favourable solution

for thyssenkrupp, their shareholders, customers and employees

First key step of reorganisation

and execution of thyssenkrupp's new strategy “newtk”

Buyers have committed

to far‑reaching site and employment guarantees

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