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57.040001 EUR
0.63
1.12%
Last update Dec 30, 1:11 PM CET
Market closed
Day range
56.33000
58.47000
Previous close
56.41000
Open
56.5
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RENK Group AG
57.04
0.63
1.12%

Overview

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Description

RENK Group AG is a German multinational manufacturer specializing in mission-critical propulsion and drivetrain technologies. Founded in 1873 and headquartered in Augsburg, the company designs, engineers, produces, tests, and services customized drive systems, including transmissions, engines, hybrid propulsion, suspension systems, plain bearings, couplings, and test systems for military vehicles, marine applications, and industrial sectors. Operating through segments such as Vehicle Mobility Solutions, Marine & Industry, and Slide Bearings, RENK Group AG delivers single and dual engine gearboxes, marine clutches, shaft generators, electrification solutions, industrial gearboxes for mills, extruders, and hydropower, along with comprehensive services like condition monitoring, maintenance, and spare parts management. Serving over 70 armies and 40 navies worldwide, it supports defense modernization, energy transition initiatives including hydrogen and carbon capture, cement, plastics, oil and gas, and sustainable technologies. With manufacturing sites across Germany, the US, UK, Switzerland, and beyond, and a 2023 turnover of €926 million employing about 3,400 people, RENK Group AG plays a pivotal role in global security, mobility, and energy efficiency markets.

About

CEO
Dr. Alexander Sagel
Employees
4063
Address
Gögginger Str. 73
11 Bermudiana Road
Augsburg, 86159, MI
Germany
Phone
49 821 57000
Website
Instrument type
Common stock
Sector
Industrials
Industry
Aerospace & Defense
Country
Germany
MIC code
XBER
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