RENK Group AG, a prominent German provider of propulsion solutions for military and civilian sectors, has completed its acquisition of the U.S.-based Cincinnati Gearing Systems Inc. (CGS Inc.).
RENK Group AG, a German leader in mobility and propulsion solutions, reported record-breaking results for fiscal year 2024 with order intake reaching an all-time high of €1.4 billion.
RENK America has received two major contracts worth over USD 150 million to supply HMPT transmissions for the United States Army.
RENK Group AG is set to release its full-year financial results for 2024 on 26 March 2025, along with its annual report.
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.
RENK Group AG expects to double its group revenue to around € 2 billion in the medium term through organic growth, corresponding to an annual revenue growth rate of 15%.
The InArm system is renowned for its superior mobility and ride quality, offering a stable platform for military vehicles.
RENK Group and its subsidiary RENK America have signed a Letter of Intent (LOI) on bilateral cooperation for tracked combat vehicles with Huta Stalowa Wola (HSW).
American Rheinmetall Vehicles (ARV) and RENK America (RAM) have signed a definitive agreement to jointly develop advance mobility system solutions for combat vehicles in the U.S. market.
RENK Group grew again in the first quarter of 2023. Revenue increased by 5 per cent year-on-year to EUR 194 million.
RENK America and Polish defence company Huta Stalowa Wola (HSW) have signed a memorandum of understanding (MoU) to foster bilateral cooperation in the field of tracked combat vehicles.
RENK Group, through its suspension specialist Horstman, acquires General Kinetics and combines it with its existing advanced mobility center of excellence to create Horstman Canada.
