Press ReleaseRENK Group AG enters into definitive agreement to acquire Cincinnati Gearing Systems Inc.
- Press Release
RENK Group to found subsidiary RENK ITALIA Srl with future headquarters in La Spezia
At RENK, our mission is to empower a secure and sustainable future. We are one of the world’s leading producers of mission-critical drive solutions for a wide range of defense and civil end markets. We produce, sell and service applications such as gear boxes, transmissions, power-packs, hybrid propulsion systems, suspension systems, slide bearings, couplings and test systems. We aim to address the global needs of peace and security as well as a carbon net zero world to contribute to a secure and sustainable future.
Security and Defense
Security and Defense as central pillars of sustainable social and economic development have gained significantly in importance in recent years. Worldwide, numerous EU, NATO and NATO-equivalent countries are focusing on the modernization and technological development of their armed forces.
For decades, RENK has been one of the world's leading manufacturers of mission-critical products and components for security and defense. Today, more than 70 armies and more than 40 navies and coastguards worldwide rely on our technological innovations. At all of our global locations, we strive to meet the high mission requirements of our customers by developing and producing state-of-the-art solutions.
Energy
The energy transition is one of the major global trends. To be able to achieve a successful transition towards carbon neutrality, technologies, production processes, and infrastructures will need to change drastically. At RENK, we aim to contribute to the successful implementation of this process. Our products are used in traditional energy markets where they support energy efficiency but are also used in new energy markets, such as hydrogen.
As an innovation leader we develop products for new energy solutions and technologies that we believe can drive the energy transition towards a more sustainable future. We aim to support our customers in achieving carbon net neutrality and strive to facilitate our customers’ energy transition needs with our products and provide them with new energy technologies to scale.
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