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ThyssenKrupp sells supply chain division to Wisag

 

As part of wide-ranging structural changes at ThyssenKrupp, the company has sold its industrial service division to German facility management company Wisag for €100m.
ThyssenKrupp spokesman Stefan Ettwig said: “We’re confident that, in the form of Wisag as a pure facility management company, we have found a reliable partner for ThyssenKrupp Industrieservice, one that will develop the company according to the best-owner principle.”
The company provides supply chain and production support to automotive, metal producing and engineering companies, with customers including Bosch, Continental, Johnson Controls, TRW and ZF.

Wisag will now handle logistics support for the division’s existing customers from goods acceptance, interim storage, order picking and just-in-time sequenced delivery to line, as well as safe loading of the finished cars for transport by rail or truck. It will continue to provide services to around 200 suppliers in the automotive industry at over 600 locations.
Ettwig added that even without its Industrieservice division, ThyssenKrupp will continue to support activities for the automotive industry across the group in areas including processing materials services and steel. “The disinvestment of TKIN does not affect these activities,” he said.
The restructuring at ThyssenKrupp includes a new corporate headquarters, eight newly defined material and technology business areas and a new business services unit. Talking about the changes Dr Ekkehard Schulz, Executive Board Chairman of ThyssenKrupp said: “The reorganisation strengthens ThyssenKrupp’s focus on its two strategic competency areas as an integrated materials and technology group. The new organisational structure will promote a more direct and intensive cooperation within the group and increase internal and external transparency. We are creating a fitter group for the future.”
The new structure of the ThyssenKrupp Group will reduce administrative costs by up to €500m said the company, roughly made up in equal parts between material and personnel costs.