ThyssenKrupp Marine Denies Joint Venture Plans with French Shipyards Group DCNS

ThyssenKrupp Marine Systems is not planning a joint venture with the French shipyards group DCNS, nor are there any plans for a merger or other partnership or alliance with the French shipyards. No talks on this are currently being held by the companies and no talks are planned.

While there have been repeated attempts to form an alliance between the German and French shipyards in the past, ThyssenKrupp currently sees no prospects of a merger or closer alliance between the two shipyards groups; this applies both to the submarine area and to naval surface vessels (frigates/corvettes/supply vessels). Not least to prevent confusion among potential customers, ThyssenKrupp felt it necessary to issue this supplementary statement.

This does not affect the collaboration in the field of naval technology between Atlas Elektronik – a joint venture of ThyssenKrupp Marine Systems and EADS – and DCNS in relation to the development and delivery of torpedos.

ThyssenKrupp is a diversified industrial group. It has around 180,000 employees in over 80 countries developing ideas and innovations into solutions for sustainable progress. In fiscal year 2009/2010 ThyssenKrupp generated sales of more than €42 billion. For us innovations and technical progress are key factors in managing global growth and using finite resources in a sustainable way. With our engineering expertise in the areas of “Material”, “Mechanical” and “Plant”, we enable our customers to gain an edge in the global market and manufacture innovative products in a cost and resource efficient way.