Latest / Family Business Stories with Fexingo: Succession, Legacy, and Multi-Generational Companies
How the Thyssen Family Built a Steel and Industrial Empire
In this episode, Lucas and Luna explore the remarkable story of the Thyssen family, who built one of Europe's largest industrial conglomerates from a small steel rolling mill in the 19th century. They focus on the key decision by August Thyssen to vertically integrate coal, iron, and steel operations, creating a self-sufficient powerhouse. The discussion covers the founding by August Thyssen in 1871, the expansion under his son Fritz, and the eventual merger with Krupp to form ThyssenKrupp in 1999. Lucas explains how the family maintained control through a complex holding structure and…
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