# Thyssenkrupp and Tata Steel to merge European steel operations in joint venture

Thyssenkrupp and Tata Steel signed a memorandum of understanding to combine their European steel activities in a 50/50 joint venture named Thyssenkrupp Tata Steel, with pro-forma sales of about €15 billion and a workforce of about 48,000.

- Type: Acquisition
- Announced: 2017-10-30
- Where: Netherlands, Netherlands
- Jobs: -4,000
- Status: announced
- Capacity: 21 million tons per year
- Products: flat steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Thyssenkrupp](https://endata.com/companies/833.md)
- [Tata Steel](https://endata.com/companies/3546.md) (partner)

## Sources

- [americanrecycler.com](https://americanrecycler.com/metal-recycling/thyssenkrupp-and-tata-steel-to-merge-steel-operations/), 2017-10-30: "Their aim is to create a leading European flat steel player to be positioned as quality and technology leader."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.