Augsburg / Mariemont (OH / U.S.), April 16, 2025 – RENK Group AG, a leading supplier of military and civilian propulsion solutions, has successfully completed the acquisition of Cincinnati Gearing Systems Inc. (“CGS Inc.”), a U.S.-based manufacturer of precision gears and power transmission technologies. Effective immediately, CGS Inc. will operate under the name RENK America Marine & Industry LLC.
Founded in 1907, CGS Inc. has long been recognized as a leader in the design and manufacture of precision gears and power transmission equipment, components and spare parts for both military and industrial applications. Headquartered in Mariemont, Ohio, with an additional facility in Milford, Ohio, CGS Inc. adds approximately 15,000 square meters of production space and over 100 skilled employees to the RENK Group.
The acquisition marks a significant milestone in RENK’s global expansion strategy, particularly in strengthening its presence in the North American market and deepening its focus on serving the US Navy and allied forces.
“The acquisition is a pivotal step in our efforts to build a stronger presence in North America”, said Dr. Alexander Sagel, CEO of RENK Group AG. “RENK America Marine & Industry LLC will support our strategic growth initiatives and strengthens the basis for RENK’s profitable growth in the naval sector but also strengthens our ability to deliver mission-critical solutions for customers worldwide especially.”
With the addition of RENK America Marine and Industry LLC, RENK Group now employs around 4,100 people across 21 locations worldwide.
“We are excited to officially join the family and begin this new chapter as a part of the strong RENK Group”, said Patrick Potter, President of RENK America Marine & Industry LLC.
The transaction includes all assets of CGS Inc., including the facilities in Mariemont and Milford, Ohio. The parties have agreed not to disclose the purchase price of the transaction.
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 2024, RENK Group AG generated revenue of EUR 1.14 billion. 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.
About Cincinnati Gearing Systems Inc.
Cincinnati Gearing Systems is a specialist in the design and manufacture of precision gear units, power transmission components and integrated drive solutions for commercial and military vessels and demanding industrial applications. The company was founded in 1907 in Cincinnati, Ohio, and is a co-founder of the American Gear Manufacturers Association.
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.
Get in touch with us in case of any questions and requests.