RENK Group AG, a leading supplier of military and civilian propulsion solutions and IDV, a company of Iveco Group N.V. specialized in defence and civil protection vehicles, have signed a cooperation agreement aimed at evaluating the potential of RENK and IDV drive technologies for future combat platforms.
This cooperation agreement is an important step enabling both parties to actively contribute to accelerating the tracked vehicle programs for their customers. It also addresses the need to strengthen the European supply chain and increase production capacity.
The aim of the agreement is to share the know-how and experience of both parties in the development and manufacturing of powertrain solutions, technologies and equipment.
Headquartered in Augsburg, Germany, RENK Group AG is a globally leading manufacturer of mission-critical propulsion solutions across diverse military and civil end markets. Our product portfolio includes gear units, transmissions, power-packs, hybrid propulsion systems, suspension systems, slide bearings, couplings & clutches and test systems. With this broad product portfolio RENK Group AG serves in particular customers in industries for military vehicles, naval, civil marine, and industrial applications focused on energy. In the fiscal year 2023, RENK Group AG generated revenue of EUR 926 million.
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