Augsburg, March 25, 2025 – RENK Group AG, a leading supplier of propulsion solutions for the military and civilian sectors, announces its collaboration with NXP® Semiconductors, the trusted partner for innovative solutions in the automotive, industrial & IoT, mobile, and communications infrastructure markets. The aim is to jointly advance the cross-sectional digitalization of the RENK product portfolio.
The focus of the collaboration is primarily on the drive systems of mobile platforms. RENK already today offers solutions along the entire drivetrain.
The collaboration referred to as 'Software-Defined Mobility' will enable the joint development of software- and hardware-based solutions to expand RENK's product portfolio with digital capabilities. A hardware/software framework will serve as the basis for all future software solutions from RENK and its partners, creating a digital, modular toolkit for a wide range of RENK products.
As a trusted partner for innovative solutions in the automotive, industrial & IoT, mobile, and communications infrastructure markets, NXP acts as a technological enabler and contributes its digital expertise in the domains of land and sea.
“The collaboration with NXP, a proven expert in digital mobility solutions, is an important step in the consistent further development of our drive systems. This puts us in an ideal position to meet future demand for smart integrated solutions,” said Dr. Alexander Sagel, CEO of RENK Group AG.
“NXP and RENK are united by the ambition to offer our customers technological solutions at the highest level. That is precisely why we are combining our expertise through our collaboration and setting a strong example for digitalization in the field of highly complex drive technologies,” said Lars Reger, CTO of NXP.
About the RENK Group AG
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. RENK Group AG has been listed on the Frankfurt Stock Exchange since February 7, 2024, and has been a member of the MDAX since March 24, 2025.
Disclaimer
This Press Release contains forward-looking statements that are based on plans, expectations, estimates and projections of the management of RENK Group as at the date of this Press Release. These plans, expectations, estimates and projections depend on a variety of assumptions and are subject to unforeseeable events, uncertainties, known and unknown risks as well as other factors that may cause actual results or the actual financial situation, development or performance to differ from those expressed or implied in the forward-looking statements. RENK Group does not assume any obligation to update the forward-looking statements or make adjustments to them to reflect events or developments occurring after the date of this Press Release unless obliged by statutory law.
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