Augsburg, June 26, 2025 – RENK Group AG, a leading provider of propulsion solutions for the military and civilian sectors, welcomes the landmark decisions of the NATO summit in The Hague. The expanded capability goals adopted for NATO member states mean a significant increase in national defense spending.
“We see the summit decisions as a mandate for the industry to enable a secure future in Europe. RENK’s focus is therefore on providing reliable, powerful, and future-proof propulsion solutions to further strengthen NATO’s deterrence and defense capabilities,” said Dr. Alexander Sagel, CEO of RENK Group AG.
With its expertise in the Vehicle Mobility Solutions (VMS), Marine and Industry, and Slide Bearings Slide Bearings Slide bearings enable low-friction movement between fixed parts. segments, RENK is ideally positioned in the market to meet the growing demand for cutting-edge technologies for both land and naval forces. The RENK Group is now benefiting from its recently accelerated internationalization, which peaked in terms of global expansion strategy with the acquisition of Cincinnati Gearing Systems.
“In order to further expand our technological leadership and meet the requirements of modern armies, we plan to invest nearly half a billion euros in the focused expansion of capacities and research and development over the next four to five years. We also specifically check how we can boost our ability to provide mission-critical mobility solutions for our customers through strategic collaborations – both national and international. Key issues for the future include autonomous mobility, hybrid propulsion systems and increased maneuverability”, Sagel said.
The RENK Group is ideally positioned to meet fast increasing demand reliably and quickly. The latest investments in rapidly scalable, local production capacities are paying off.
“We were able to increase production capacity at our main plant in Augsburg by 50% with existing staff, through targeted investments and improvements in our operational excellence,” said Dr. Emmerich Schiller, COO of RENK Group AG. “In addition to the scalability of our production, secured long-term commitments from our suppliers and are giving them planning security as they expand their capacities. In short, we are ideally positioned to provide the capacities NATO requires.”
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 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.
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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