Christian Schulz (CFO
A global specialist to control extreme forces throughout the drive train
RENK Group AG is a global manufacturer of high-quality automatic transmissions, gear units, slide bearings, suspension systems, couplings and test systems with leading positions in attractive markets.
The company operates in a structurally growing environment on the back of a world-leading industrial brand, an attractive product portfolio and strong engineering competence. Headquartered in Augsburg, Germany, RENK serves a diverse range of industries with a particular focus on defence and energy transition. With over 3,600 employees RENK generated EUR 850 million of revenues in 2022.
Triton invested in RENK in October 2020 by acquiring >90% from Volkswagen and minority shareholders. In February 2021, Triton obtained 100% ownership through a squeeze-out process and RENK was delisted thereafter.
Under Tritons ownership, a new organisational structure has been introduced to better serve market and customer needs.
More than EUR 500 million has been invested in Capex, R&D and M&A, focusing not only on topline growth but also on achieving operational excellence.
RENK has been built into a global systems provider for full mobility solutions, through a targeted M&A approach, which included strategic expansion into North America
After the successful and accelerated transformation, RENK was listed at the Frankfurt Stock Exchange on February 7, 2024.