OREANDA-NEWS. July 31, 2014. The sale of the Swedish shipyard ThyssenKrupp Marine Systems AB (formerly Kockums) with facilities in Malmo, Karlskrona and Musko to Saab is complete. With the closing today ThyssenKrupp Industrial Solutions received the purchase price of 340 million Swedish kronor (around EUR37 million).

The sale of the shipyard was announced at the end of June this year but was subject to the approval of the board and supervisory bodies of the ThyssenKrupp Group as well as the Swedish Competition Authority.

ThyssenKrupp Marine Systems is one of the leading European system providers for non-nuclear submarines and high-end naval vessels. The company stands for marine competence, innovative technologies and comprehensive and reliable service. ThyssenKrupp Marine Systems GmbH with premises in Kiel, Hamburg and Emden is part of the Industrial Solutions business area of the ThyssenKrupp Group.

A full range of specialist engineering and construction services and a shipbuilding history stretching back centuries are the strengths of the ThyssenKrupp Industrial Solutions business area. High-quality engineering is at the center of our success. Global project management skills, first-class system integration expertise, reliable procurement and supplier management, and a service offering meeting the highest standards form the basis for lasting customer satisfaction. Around 19,000 employees at over 70 locations form a global network with a technology portfolio that guarantees maximum productivity and cost-efficiency.