Augsburg, November 28, 2025 – RENK Group AG, a leading provider of propulsion solutions for the military sector, has been commissioned to supply spare parts and service packages to an Eastern European country. The order value of the service support agreement that was concluded is in the high double-digit million range. The first deliveries are planned for this year.
“The service agreement, which runs until 2028, clearly demonstrates the rapidly growing potential in the aftermarket business, which we will continue to support through our localization strategy. Eastern Europe will be the focus of expansion in the short term,” says Dr. Alexander Sagel, CEO of RENK Group AG.
Provision of spare parts supply and service support
The service support agreement underscores RENK's expertise and leading position in the service support sector. Through customized maintenance, repair and overhaul services (MRO) as well as effective spare parts management, RENK ensures a high level of operational readiness and availability of existing platforms. The agreement strengthens the confidence in the quality and reliability of RENK Group AG's product portfolio.
Among other things, the agreement covers the supply of replacement transmissions and engines for numerous tracked and wheeled land platforms such as battle tanks, infantry fighting vehicles, protected transport vehicles, and howitzers. RENK supplies the HSWL194, HSWL284, HSWL354, HPMT, and AVDS products, complemented by state-of-the-art suspension systems from the Horstman Group.
RENK technologies have formed the backbone of military mobility for decades and make a decisive contribution to the operational capability of European armed forces and their partners.
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 the Horstman Group
Horstman – a RENK Group company – has been headquartered in Bath since 1913, with business units in the US, the UK and Canada. It delivers mobility solutions for the global wheeled and armored markets’ hardest challenges. Horstman provides world leading design and manufacturing capabilities, with our customers benefiting from our time-tested pedigree in innovation, product development, manufacture and defense project management in heavy armored and tracked vehicle suspension systems.
Horstman designed and manufactured products have been selected for over a century to provide the mobility advantage across multiple, battle proven, platforms for global customers.
For more information, please visit www.HorstmanGroup.com
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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