RENK - M&A Summary and Business Overview

MachineryCompany

RENK M&A Summary

RENK has acquired 1 company, including 1 in the last 5 years.

RENK’s largest acquisition to date was in 2021, when it acquired L3 Harris Technologies - Combat Propulsion Systems Business and Magnet-Motors for $400M. RENK has acquired in 1 US state. The Company’s most targeted sectors include machinery (100%).

RENK Business Overview

Where is RENK headquartered?

RENK is headquartered in Augsburg, Germany.

What is RENK’s revenue?

RENK disclosed revenue of 849M EUR for 2022 and 698M EUR for 2021.

How many employees does RENK have?

RENK has 3,750 employees.

What sector is RENK in?

RENK is a machinery company.

When was RENK founded?

RENK was founded in 1873.

M&A Summary

  • M&A Total Activity1
    • M&A Buy Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

RENK

RENK Group AG

Gogginger Strasse 73,
Augsburg, 86159
Germany,
+49 821 5700 0
www.renk.com

RENK is a manufacturer of special gear units and transmissions for tracked vehicles, industrial applications, and the shipbuilding industry, as well as components for propulsion technology and test systems, supplying customers all over the world. RENK was founded in 1873 and is based in Augsburg, Germany.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # - - 1 - - - 1
vol $400M $400M
Sell (0.0/yr) # - - - - - - 0
  1

Most Recent M&A

Company Date Value Type
L3 Harris Technologies, Inc. - Combat Propulsion Systems Business and Magnet-Motors 2021-03-01 400M USD Divestiture
Melbourne, Florida
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Horstman Defence Systems Ltd.    - General Kinetics Engineering Corp. 2023-01-30 1
Bath, United Kingdom · www.horstmangroup.com Brampton, Ontario · www.generalkinetics.com

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 1 (100%) 400M (100%) - -
Total 1 $400M - -

By Geo

State/Country Buy Value Sell Value
United States 1 400M - -
  Florida 1 400M - -
Total 1 $400M - -

Deal Values

buy # Total
$100M to $1B 1 $400M
TOTAL $400M
Largest L3 Harris Technologies, Inc. - Combat Propulsion Systems Business and Magnet-Motors
$400M (2021-03-01)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Machinery

Revenue

849   22% 2022
698   351% 2021
155   2020
502   8% 2018
469   6% 2017
496   2016
(millions of EUR) Show More Show Less

Employees

3,750

Established

1873

Public

Frankfurt (FWB): R3NK

Former Name

Renk Aktiengesellschaft (Zahnraderfabrik Augsburg)

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