ThyssenKrupp Industries.ThyssenKrupp Industries, Essen, Germany, signed an agreement on the sale of the Krupp Werner & Pfleiderer group, Stuttgart, Germany. The agreement is subject to the approval of the supervisory boards Supervisory board The board of directors that represents stakeholders in the governance of the corporation. and the relevant authorities. The buyer is a new joint venture established by Georg Fischer Georg Fischer (born 1960) was a West German cross country skier who competed in the 1980s. He finished seventh in the 4 x 10 km relay at the 1988 Winter Olympics in Calgary. AG, Schaffhausen, Germany, West Germany, West officially Federal Republic of Germany Former republic (1949–90), west-central Europe. It consisted of the western two-thirds of what is now the Federal Republic of Germany. It was formed in 1949 when the U.S. Private Equity Ltd., a London-based private equity fund, and Westdeutsche Landesbank, Dusseldorf, Germany. Georg Fischer has contributed its own groups Waeschle and Buss, and will hold 50.1% of the shares. The collaboration is said to create a world leading supplier of plastics compounding systems and components with over 2,000 employees. The operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon comprise 18 companies with 35 locations, mostly in Germany, Switzerland, the U.S. and India. |
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