ThyssenKrupp Marine Systems of Germany (often abbreviated TKMS) is a group and holding company of providers of naval vessels, surface ships and submarines. It was founded when large industrial conglomerate ThyssenKrupp acquired Howaldtswerke-Deutsche Werft on January 5, 2005.
The group consists of:
As of August 30, 2006, the group represented a sales volume of around €2.2 billion and had a workforce of 8,400 people.
The corporation opened a branch office in Karachi, Pakistan on 25 July 2007. By January 2009, it had become one of the biggest private shipbuilding companies in Pakistan.
It is said that ThyssenKrupp wants to sell its Yards Business in Emden, Kiel and Hamburg.
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