RENK signs development contract with leading European systems house for land forces
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RENK signs development contract with leading European systems house for land forces
Villepinte / Frankreich, 20. Juni 2024 – RENK, a leading provider of vehicle mobility solutions, is pleased to announce the signing of a development contract with one of the leading European systems houses for land forces. The two parties signed this agreement at Eurosatory 2024 in Villepinte.
The contract covers the development and production of a new hydrodynamic shift, turn and lock transmission (HSWL), as well as its qualification in the corresponding tracked vehicles.
"We are proud to have been selected as partner for this innovative and trend-setting development contract," said Dr. Alexander Sagel, COO and Executive Board member of RENK Group AG.
Delivery of a prototype is scheduled for early 2025. Two years later, series production is to begin at the Augsburg plant.
"This order underscores our position as a trusted partner for mission-critical drive technologies," added Michael Masur, CEO of Vehicle Mobility Solutions of RENK Group.
About the RENK Group AG
Headquartered in Augsburg, Germany, RENK Group AG is a globally leading manufacturer of mission-critical drive 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 2023, RENK Group AG generated revenue of EUR 926 million.
For further information, please visit www.renk.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 occuring after the date of this Press Release unless obliged by statutory law.
Mit freundlichen Grüßen | Best regards
Fabian Klee Senior Communications Manager | Corporate Communications
Email fabian.klee@renk.com
Mob.: +49 1607154647