Carlyle Group Aims to Buy Into thyssenkrupp Marine Business

The shipbuilding industry in Germany might experience significant changes as the American investment powerhouse Carlyle Group has initiated talks to acquire a stake in the marine division of thyssenkrupp, in a transaction estimated at $1.6 billion, with due diligence currently in progress.

Concurrently, negotiations are ongoing with the German government regarding potential state investment in thyssenkrupp's marine operations, renowned primarily for its submarine manufacturing capabilities.

Dr Volkmar Dinstuhl, an executive board member at thyssenkrupp, remarked, “The participation of a private equity company is one of several options we are currently investigating for the separation of our marine business. With the active involvement of Carlyle, we are now taking the necessary next step and starting the phase of an open-ended assessment of the relevant business activities.”

thyssenkrupp Marine Systems employs roughly 7,800 people and operates several facilities, including Germany's largest shipyard in Kiel. This section of the company has been at the center of various acquisition rumors for the last six years.