RENK and QinetiQ announce strategic partnership in the field of advanced mobility technology
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RENK and QinetiQ announce strategic partnership in the field of advanced mobility technology
- The companies will collaborate on future mobility concepts for military land platforms from 5 to 60 tons
- Focus on hybridization concepts and uncrewed ground vehicles
Augsburg, September 10, 2024 – RENK Group AG, a leading supplier of military and civilian propulsion solutions has signed a strategic partnership agreement with the global defense and security company QinetiQ. The agreement will see the two companies jointly develop future mobility concepts for military land platforms in the weight class of 5 to 60 tons. The partnership will focus on advanced hybridization concepts and uncrewed ground vehicles (UGVs).
"The cooperation with QinetiQ is a decisive step for us to further expand our technology leadership and to increase future growth potential. We are thus well positioned to meet the growing demands of our customers in the area of armored mobility”, said Susanne Wiegand, CEO of RENK Group AG.
“The electrification and hybridization of existing and future land platforms offer great opportunities for growth. In particular, the new market for UGVs with their diverse tactical applications is dynamic and high-growth. This is especially true for uncrewed, tracked vehicles up to 20 tons”, said Dr. Alexander Sagel, COO of RENK Group AG.
Steve Wadey, Group Chief Executive Officer, QinetiQ said: “As we continue to develop our capabilities in advanced mobility technology we are delighted to partner with RENK. By leveraging our leading edge technology alongside RENK’s global expertise in the military land market we will establish a powerful combination to address our customers’ future requirements.“
As part of the agreement both partners will leverage technological core competencies and strengths: RENK will contribute its expertise in the area of gear technologies and complete system solutions, including electric drives and power electronics. QinetiQ will contribute its expertise in advanced autonomy and manoeuvrability. The joint activities will be coordinated on the basis of a clearly defined research and development roadmap.
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 2023, RENK Group AG generated revenue of EUR 926 million.
For further information, please visit www.renk.com
About QinetiQ
QinetiQ is an integrated global defence and security company focused on mission-led innovation. We employ more than 8,500 highly-skilled people, committed to creating new ways of protecting what matters most; testing technologies, systems, and processes to make sure they meet operational needs; and enabling customers to deploy new and enhanced capabilities with the assurance they will deliver the performance required. Visit our website www.QinetiQ.com. Follow us on LinkedIn and Twitter @QinetiQ. Visit our blog www.QinetiQ-blogs.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.
Mit freundlichen Grüßen | Best regards
Fabian Klee Senior Communications Manager | Corporate Communications
Email fabian.klee@renk.com
Mob.: +49 1607154647