Following its spin-off from Thyssenkrupp AG, Thyssenkrupp Marine Systems (TKMS) has completed its initial public offering (IPO) and is now listed as an independent company on the Frankfurt Stock Exchange.
The successful listing marks the start of a new chapter for TKMS and represents an important step in the realignment of the German defence and maritime industry.
TKMS AG & Co. KGaA (“TKMS”) shares (ISIN: DE000TKMS001; ticker symbol: TKMS) are now traded on the Frankfurt Stock Exchange for the first time. As part of the spin-off, a minority stake of 49% of TKMS shares was transferred to the existing shareholders of Thyssenkrupp AG in proportion to their current holdings. Each TKMS share carries both voting and dividend rights.
With the completion of the IPO, TKMS becomes an independent, listed company with a strong position in the European defence and maritime sector.
TKMS opens a new chapter
Commenting on the significance of the current milestone, TKMS CEO Oliver Burkhard said: “Today we are opening a new chapter in the history of TKMS and at the same time sending a strong signal for maritime security. As Europe’s only fully integrated system house for maritime defense, TKMS combines platform expertise in the underwater and surface sectors with a strong market position in the areas of maritime electronics, sensor technology, effectors, unmanned systems, maritime command and control systems and software.
Our independence will enable us to become more agile and flexible in the future. This will benefit our customers and our partners in NATO in the urgently needed modernization of their maritime armed forces. With the IPO, we are giving a broad group of investors the opportunity to participate in this important task.”
Over the last five years, TKMS’ order backlog has tripled and is currently at a record level of €18.6 billion (as of June 30, 2025). In the coming years, defense spending in Europe and allied countries is expected to continue to rise sharply. In the course of the spin-off, Thyssenkrupp AG will remain the majority shareholder of TKMS and will continue to participate in the company’s success.
