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TKMS AG & Co. KGaA (ThyssenKrupp Marine Systems) is a group and holding company of providers of naval vessels, surface ships and submarines. It was founded when large industrial conglomerate ThyssenKrupp acquired Howaldtswerke-Deutsche Werft in January 2005.

Composition

The group consists of:

As of August 30, 2006, the group represented a sales volume of around €2.2 billion and had a workforce of 8,400 people.[citation needed]

On the 12th of April 2023, ThyssenKrupp sold its stake on Hellenic Shipyards to George Prokopiou.[1]

History

The corporation opened a branch office in Karachi, Pakistan on 25 July 2007. By January 2009, it had become one of the biggest private shipbuilding companies in Pakistan.[citation needed]

In 2017 the Israeli government and TKMS signed a deal for three Dakar-class submarines. Allegations of corruption surrounding the deal have led to the formation of an Israeli governmental committee of inquiry and subsequent prosecution for corruption.[2]

In 2021, TKMS received the biggest order in its history, worth €5.5 billion for six identical Type 212CD submarines (in partnership with Kongsberg Gruppen) for the German and Norwegian navies.[3][4] In January 2021, ThyssenKrupp confirmed the acquisition of the Oceana shipyard in Itajaí, Brazil, becoming the company’s first shipyard in Latin America, with the objective of building the new Brazilian Tamandaré-class frigates.[5]

In 2023, TKMS signed a memorandum of understanding with India’s Mazagon Dock Shipbuilders, with the value of the agreement expected to be about 7 billion euros.[6][7]

Also in 2023, the German government signalled that it was prepared to back a sale of TKMS by taking a supporting minority stake.[4] Since 2024, ThyssenKrupp has been running a dual-track process for TKMS, which could result in either a sale or spin-off of the division. In June 2024, private equity firm Carlyle and German development bank KfW entered into negotiations to jointly acquire a majority stake in TKMS.[8] By October 2024, Carlyle abandoned the negotiations.[9]

In 2024, TKMS and German peer NVL formed a joint venture to primarily build F127 frigates.[10]

In July 2025, the German government reached a preliminary agreement with ThyssenKrupp on getting a right of approval if a stake of 25% or more were to be sold in TKMS following a spin-off; in addition, the government would have a pre-emptive right if ThyssenKrupp were to sell a stake of 5% or more to a third party.[11]

In August 2025, TKMS lost out against Mitsubishi Heavy Industries on a landmark $6.5 billion deal to supply the Royal Australian Navy with new frigates.[12] That same month, it became one of the two finalists, along with Hanwha Ocean, under consideration for a contract to deliver up to twelve submarines to the Royal Canadian Navy.[13]

In January 2026, TKMS submitted a non-binding bid for smaller competitor German Naval Yards (GNYK).[14]

Current submarine classes sold and in production

Confirmed sales

Class Subclass Order / in production Client Notes
Dakar class — 3  Israeli Navy
  • 3 ordered in Jan 2022[15]
Type 214 Reis class 4  Turkish Navy
Type 212CD — 6  Deutsche Marine
  • 2 ordered in Aug 2021[18]
  • 4 ordered in Dec 2024[19]
6  Royal Norwegian Navy
  • 4 ordered in Aug 2021[18]2 ordered in Dec 2025[20]
Type 218 Invincible class 2  Republic of Singapore Navy
  • In Mar 2025, the Defence Minister announced a plan to purchase 2 additional submarines of this class[21] The order was confirmed in May.[22]
Total 21

Likely sales

Class Subclass Likely sales Client Notes
Type 214 — 6  Indian Navy Class selected in Jan 2025, as part of the Project P-75I, likely to be produced under licence in India.[23]
Total 6

Planned replacements

Ongoing bids and potential sales in new submarine purchase programmes.

Class Subclass Potential sales Client Notes
Type 209 Type 209NG class 3  Argentine Navy
  • In competition with Naval Group to supply submarines to Argentina.[24]
Type 209 — 4  Egyptian Navy
  • The Egyptian Navy is looking to replace its Romeo-class submarines, and the Type 209 is among the likely competitors.[25][26]
Type 209 Type 209NG class 4  Hellenic Navy
  • The Hellenic Navy is planning to procure 4 submarines, and one of the German models will be offered.[27]
  • They will replace the Glafkos class (Type 209/1100) and Poseidon class (Type 209/1200) submarines.
Type 212 Type 212CD class
Type 212 U212NFS class
Type 218 —
Type 212 Type 212CD class 3  Deutsche Marine
  • According to the Zielbild Marine 2035+ plan, the German will operate from 6 to 9 Type 212 CD, therefore up to 3 additional Type 212 CD[28]
Type 212 U212NFS class 2  Philippine Navy
Type 212 Type 212CD class 12  Royal Canadian Navy
  • Canada unveiled its plan for the future of its navy, which includes up to 12 submarines. Norway and Germany offered a partnership with the Type 212CD.[31][32] The competitor is Hanwha Ocean.[33]
— — 2  Royal Malaysian Navy
  • Two planned to be procured between 2031 and 2035.[34]
Dolphin AIP class — 2  Royal Moroccan Navy
  • In 2025, Morocco expressed an interest to purchase 2 to 3 submarines.[35][36][37]
Type 209 Type 209-1400 class
Up to 32

References

  1. ^ “Completion of sale of the Skaramangas Shipyards to George Prokopiou (in Greek)”. Business Daily. 12 April 2023. Retrieved 24 July 2013.
  2. ^ ToI Staff. “Israel signs scandal-ridden €3 billion deal with Germany to buy new submarines”. The Times of Israel. ISSN 0040-7909. Retrieved 2023-09-27.
  3. ^ Sabine Siebold (23 June 2021), Germany backs 2.7 bln euro contract to buy two Thyssenkrupp submarines – source Reuters.
  4. ^ a b Laura Pitel, Patricia Nilsson and Alexandra Heal (25 October 2025), Carlyle drops bid for Thyssenkrupp defence unit over Berlin indecision Financial Times.
  5. ^ “Estaleiro responsável por construir as fragatas Classe Tamandaré agora é thyssenkrupp Estaleiro Brasil Sul”. Defesa Aérea & Naval (in Portuguese). 12 January 2021.
  6. ^ Alexander Ratz and Christoph Steitz (6 June 2023), Thyssenkrupp could bid to supply six submarines to Indian Navy Reuters.
  7. ^ Christoph Steitz (6 June 2023), Thyssenkrupp, India’s Mazagon Dock Shipbuilders sign submarine MoU Reuters.
  8. ^ Christoph Steitz, Emma-Victoria Farr and Tom Käckenhoff (14 June 2024), Carlyle, KfW join forces in effort to buy Thyssenkrupp warship division, sources say Reuters.
  9. ^ Matthias Inverardi, Kirsti Knolle and Christoph Steitz (23 October 2024), Luerssen, Rheinmetall among potential suitors for Thyssenkrupp marine unit, sources say Reuters.
  10. ^ Matthias Inverardi and Christoph Steitz (9 August 2024), Thyssenkrupp marine unit, NVL to form frigate joint venture, says German cartel office Reuters.
  11. ^ Markus Wacket and Christoph Steitz (11 July 2025), Berlin secures influence at warship builder TKMS as part of planned spin-off Reuters.
  12. ^ Kirsty Needham, Tim Kelly and Alasdair Pal (5 August 2025), Japan clinches landmark $6.5 billion warship deal with Australia to counter China Reuters.
  13. ^ Riham Alkousaa and Sarah Marsh (26 August 2025), Thyssenkrupp defence unit short-listed in Canadian submarine deal, PM says in Berlin Reuters.
  14. ^ Tom Kaeckenhoff and Christoph Steitz (8 January 2026), TKMS submits non-binding bid for German shipyard GNYK Reuters.
  15. ^ Vavasseur, Xavier (2022-01-20). “Israel orders 3 new Dakar-class submarines from TKMS”. Naval News. Retrieved 2025-04-18.
  16. ^ “>Turkey signs contract for six Type 214 submarines”. devrimyaylali.com. 2009-07-06. Retrieved 2025-04-18.
  17. ^ Ozberk, Tayfun (2022-05-24). “Turkey launches second Reis-class Type 214 AIP submarine”. Naval News. Retrieved 2025-04-18.
  18. ^ a b “Ceremony for the major submarine contracts between Norway and Germany”. www.thyssenkrupp-marinesystems.com. Retrieved 2025-04-18.
  19. ^ “Record order – thyssenkrupp Marine Systems granted order expansion in the 212CD program”. thyssenkrupp. Retrieved 2025-04-18.
  20. ^ “Norwegen zieht Option: Sechs statt vier U212CD-U-Boote” (in German). 2025-12-09. Retrieved 2025-12-09.
  21. ^ “Singapore to buy 2 more submarines and introduce new ‘Titan’ infantry fighting vehicle”. CNA. Retrieved 2025-03-03.
  22. ^ Valpolini, Paolo (2025-05-10). “thyssenkrupp Marine Systems receives order extension for two additional submarines from Singapore”. EDR Magazine. Retrieved 2025-05-11.
  23. ^ Bisht, Inder Singh (2025-01-28). “Thyssenkrupp Wins Indian Navy Deal to Build Six AIP-Equipped Subs”. The Defense Post. Retrieved 2025-04-18.
  24. ^ Redacción (2025-02-08). “Germany would double down on its bid to equip the Argentine Navy with TKMS Type 209NG submarines”. Zona Militar. Retrieved 2025-04-18.
  25. ^ “Egypt considers new submarine acquisitions | Shephard”. www.shephardmedia.com. Retrieved 2025-04-18.
  26. ^ Africa, Military (2024-12-23). “Germany rethinks sale of attack submarines to Egypt following Israeli pressure”. Military Africa. Retrieved 2025-11-04.
  27. ^ “Greece to Buy Four New Submarines”. MarineLink. 2025-03-12. Retrieved 2025-04-18.
  28. ^ Luck, Alex (2023-03-10). “German Navy mulling drone-heavy force structure looking towards 2035 and beyond”. Naval News. Retrieved 2024-03-22.
  29. ^ “Fincantieri | Fincantieri and thyssenkrupp Marine Systems partner for Philippines submarines project”. www.fincantieri.com. 16 April 2025. Archived from the original on 25 May 2025. Retrieved 2025-11-04.
  30. ^ Romero, Alexis. “Philippines closer to acquiring submarine for maritime security”. Philstar.com. Retrieved 2025-11-04.
  31. ^ “Deutschland und Norwegen schlagen Kanada maritime Partnerschaft vor”. 11 May 2024.
  32. ^ Staff, Naval News (2024-07-11). “Canada launches process to acquire up to 12 conventionally-powered submarines”. Naval News. Retrieved 2024-07-15.
  33. ^ “Kanada: Deutsche TKMS und koreanische Hanwah als mögliche Lieferanten für U-Boote identifiziert” (in German). 2025-08-26. Retrieved 2025-08-26.
  34. ^ Lee, Albert (2025-06-05). “LIMA 2025: Maintenance and Repair Contract Signed For Malaysia’s Scorpene-class Submarines”. Naval News. Retrieved 2025-11-04.
  35. ^ MASAITI, Amira EL (2025-09-15). “Morocco in talks to acquire first submarines amid regional naval competition”. HESPRESS English – Morocco News. Retrieved 2025-11-04.
  36. ^ Toutate, Issam (2025-03-03). “Morocco to Reportedly Boost Navy with Two Military Submarines”. Morocco World News. Retrieved 2025-11-04.
  37. ^ Liam, Darek; Africa, Military (2025-02-27). “European shipbuilders compete for Moroccan submarine contract”. Military Africa. Retrieved 2025-11-04.