RENK Group AG is now a significant player in the global market for mission-critical drive solutions and transmission systems, with a long-standing success story.
• World’s leading manufacturer of mission-critical drive technologies and transmission systems
• Development of the automation system RDDS (RENK Dynamic Data System)
• RENK expanded worldwide and
World’s leading manufacturer of drive technologies and transmission systems
RENK Group AG, headquartered in Augsburg, is a listed company and is considered one of the world’s leading manufacturers of mission-critical drive technologies in various civil and military end markets. According to the company’s own information, the company’s product portfolio includes transmissions, vehicle drives, power packs, hybrid drives, suspension systems, plain bearings, clutches and testing systems. The company has specialized in the construction of special transmissions for tanks, frigates, icebreakers and industry and is a leading supplier of chassis and damping systems for military tracked and wheeled vehicles. The main customers include customers in the military vehicle, marine, civil maritime, cement and plastics production, oil and gas, as well as hydrogen and industrial heat pump applications sectors.
In the 2022 financial year, the RENK Group, with more than 3,400 employees worldwide, achieved sales of 849 million euros, around 70 percent of which came from the defense business with gearboxes for tanks or ships for the navy. According to the Tagesschau, the Russia-Ukraine war, the need to strengthen Germany and Europe’s defense, has led to a sharp increase in orders in the field of Defense industry guided.
Important milestones in the RENK success story
The history of RENK Group AG, as published on the company website, goes back to 1873, when Johann Julius Renk laid the foundation stone for the company in a garage in Augsburg. In 1987 he founded the stock corporation “Zahnräderfabrik Augsburg”, which focused on the mechanical production of gears. In 1923 RENK became part of the MAN Group. A few years later, the company achieved its first breakthrough with the production of 500 precision automotive transmissions per month. In 1934, RENK reached another milestone with the construction of the first ship reversing gears and a few years later was able to set another record with the construction of the world’s fastest gearbox. In 1943, the company successfully entered tank production with a reinvention in the area of active steering systems. A long-term success story followed, characterized by innovative innovations, particularly in the areas of transmissions and drive systems for tanks and ships. Another groundbreaking technological step was the development of the RDDS (RENK Dynamic Data System) automation system to control a cardan shaft test bench, which is still used today in Formula 1 motorsport development. In 1987 the name was changed to RENK Aktiengesellschaft – with the product areas of automatic vehicle transmissions, drive elements and testing systems. While the company continuously expanded its success story, further company mergers followed, as did the expansion of the global company network.
RENK: Global presence through worldwide expansions
According to its own information, the company has continuously expanded its global presence and its international sales and service offerings since the 1970s. Through a partnership with Franz Tacke KG, RENK expanded its business and production capacities with its production site in Rheine, Germany, and in 2007 acquired the Winterthur, Switzerland-based gear manufacturer RENK-MAAG GmbH. Further global acquisitions, foundings and expansions followed, including in Brazil, India, Korea, the Netherlands, France, Istanbul, Abu Dhabi (United Arab Emirates), Shanghai (China), as well as Camby and the United States.
After the company, which had been listed on the stock exchange since 1923, was taken over by the financial investor Triton for 700 million euros in 2020 and delisted, the RENK Group went public again at the beginning of 2024.
RENK acquired military vehicle suspension systems provider Horstman Group, expanding its development and manufacturing capabilities in the United Kingdom and the United States. By investing in Modest Tree, technology leader in the development of virtual and augmented reality applications and software, the company intensified its digital know-how. By acquiring several divisions of the US defense company L3Harris Technologies, Inc, RENK significantly strengthened its position in the US market for military vehicles.
Editorial team finanzen.net
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