RENK Group grew again in the first quarter of 2023. Revenue increased by 5 per cent year-on-year to EUR 194 million (Q1 2022: EUR 185 million). Supported by a strong increase in order intake, especially in aftermarket sales, the fixed order backlog1 grew to an all-time high of EUR 1.7 billion.

RENK Group expands U.S. presence with acquisition of Cincinnati Gearing Systems

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RENK Group AG has announced its agreement to acquire Cincinnati Gearing Systems Inc. (CGS Inc.), a leading U.S. manufacturer of precision gears and power transmission equipment.

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