TK ACCELIS went public

thyssenkrupp spun off its materials distribution and supply chain services division by transferring 49% of the shares in tk accelis Group to its own shareholders, keeping 51% and remaining the strategic anchor of the business. Shareholders approved the transaction at an extraordinary general meeting on 7 August 2026, and each received one tk accelis share for every twenty thyssenkrupp shares they held. The listing on the Prime Standard of the Frankfurt Stock Exchange was targeted for 28 October 2026. Market estimates put the business at an enterprise value of €3.6bn, an EV/EBITDA multiple of 15x–25x. tk accelis generated revenue of €5–15bn and an EBITDA of €150–250M on a segment reporting basis, an EBITDA margin of [members only], against a target of 4% to 5% on an adjusted basis. It employed around 15,500 people, operated some 400 sites in more than 30 countries, served about 250,000 customers and bought from roughly 11,000 suppliers. The spin-off formed part of thyssenkrupp’s ACES 2030 plan, under which the conglomerate turns itself into a financial holding company overseeing independent businesses, each with its own management and its own access to capital markets. For tk accelis, the listing opened that access directly and gave it greater financial flexibility than it had within the group.