Thyssenkrupp Materials Services GmbH (tkMX) (stylized thyssenkrupp) is the material trading subsidiary of German industrial group thyssenkrupp AG. It is a global materials distributor, providing logistics and processing services for materials such as steel and plastics. The company is headquartered in Essen, Germany.
History
thyssenkrupp Materials Services was formed in 1999 as part of the merger between Thyssen and Krupp, by combining the trading divisions of both companies, Thyssen Handelsunion AG and Krupp Hoesch International GmbH.[3] At its inception, the new segment reportedly earned approximately 25 billion Deutsche Marks in revenue and had 28,000 employees. Also in 1999, Thyssen acquired the trading business of Mannesmann, which at the time reportedly had around 800 employees and annual revenue of 2.6 billion Deutsche Mark. It was subsequently continued as Thyssen Mannesmann Handel GmbH under the umbrella of Thyssen Handelsunion.[3]