ThyssenKrupp Marine Systems

ThyssenKrupp Marine Systems of Germany (often abbreviated TKMS) 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 on January 5, 2005.

Composition
The group consists of:


 * Howaldtswerke-Deutsche Werft in Kiel, Germany
 * Meyer Wismar in Wismar
 * Atlas Elektronik in Bremen, Germany
 * Hellenic Shipyards Co. in Skaramangas, Greece (25%)

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

It is said that ThyssenKrupp wants to sell its Yards' Business in Emden, Kiel and Hamburg.

Company 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.

In 2017 the Israeli government and TKMS signed a deal for 3 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.