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Background: Oxburg-based Renk now has plans to expand into the United States

Oxburg-based Renk now has plans to expand into the United States

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It is slowly becoming clear how the group is positioning itself after the acquisition of Triton. There are big projects in the military sector and the industrial sector is still lagging behind.

The Oxburg Industrial Group Reng continues to grow. On Tuesday, the company announced the final decision on a mega acquisition. Reng accepts Combat Propulsion Systems (CBS), a subsidiary of the US arms company L3 Harris. Renk pays around $ 400 million or a good 338 million euros for those who make transmission and engines for armored vehicles at current rates. The large acquisition package includes the Starnberg-based L3 Magnet-Motor GmbH, which, according to the company, is “the world’s leading provider of hybrid drive solutions for military vehicles and naval vessels”.

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