Augsburg, August 2, 2024 – RENK Group AG, a leading supplier of military and civilian propulsion solutions and IDV, a company of Iveco Group N.V. specialized in defense 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.
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 Suspension Systems Suspension systems absorb shocks and ensure vehicle stability. , slide bearings Slide Bearings Slide bearings enable low-friction movement between fixed parts. , couplings Couplings Couplings connect two shafts to transmit torque. & clutches and test systems Test Systems Test systems assess technical components for function and durability. . 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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