RENK Mergers & Acquisitions

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%).

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

All (1) Buy (1) Sell (-)
Date Target Value
$mlns
Transaction Type Acquirer Seller SRC
Link
2021-03-01 L3 Harris Technologies, Inc. - Combat Propulsion Systems Business and Magnet-Motors · Machinery
Melbourne, Florida

L3 Harris Technologies' Combat Propulsion Systems Business is a supplier of transmissions and engines in the U.S. and international armored vehicle market. Magnet-Motors is involved in the development and design of high-performance electric power supplies and hybrid drive systems for military applications.

Revenue (mlns) 230 USD
400
1.7x REVENUE
Divestiture

RENK

L3Harris
Advisors: Morgan Stanley , Sullivan & Cromwell


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