ThyssenKrupp sees no chance for shipyards tie-up

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ThyssenKrupp said it does not see any prospects of merging its military shipyards with those of French group DCNS.

“ThyssenKrupp Marine Systems is not planning a joint venture with the French shipyards group DCNS, nor are there any plans for a merger or other partnership or alliance with the French shipyards,” Germany’s biggest steelmaker said on Thursday.

ThyssenKrupp issued the statement after a German newspaper reported on Monday that Germany and France were considering merging their naval shipbuilding assets in what would be their biggest industrial partnership since the creation of aerospace and defense group EADS in 2000, Reuters reports.

ThyssenKrupp, which said on Monday there were no plans to hold talks with DCNS on the matter, stated on Thursday it was compelled to issue another statement in response to “persistent speculation” about forming such a tie-up.
“While there have been repeated attempts to form an alliance between the German and French shipyards in the past, ThyssenKrupp currently sees no prospects of a merger or closer alliance between the two shipyards groups,” it said.

It said it felt it necessary to issue this statement “not least to prevent confusion among potential customers”.

Collaboration between Atlas Elektronik — a joint venture of ThyssenKrupp Marine Systems and EADS — and DCNS on development and delivery of torpedoes remains unaffected, it added.