^Renk Group AG / Keyword: Mergers and Acquisitions / Purchase of parts of a
company
Renk Group AG: RENK Enters Into Binding Agreement for the Acquisition of David
Brown Defence
03. Jul 2026 / 08:30 CET/CEST
Disclosure of an inside information acc. to Article 17 of the Regulation (EU) No
596/2014, transmitted by GlobeNewswire.
The issuer is solely responsible for the content of this announcement.
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Augsburg, July 3, 2026 - RENK Group AG, through its wholly-owned subsidiary RENK
GmbH, today entered into a binding agreement for the acquisition of David Brown
Defence in the form of the shares in DB Defence Holdco SARL.
David Brown Defence is based in the UK and specializes in high-precision
gearboxes for the naval and land defense sectors. The acquisition represents a
strategically important addition to RENK's existing portfolio in the naval
sector. Especially, RENK is gaining access to high-value naval programs of the
next few years and a long-term base of orders across the main naval programs in
the UK, Canada and Australia, including aftermarket business opportunities.
Furthermore, the acquisition will also enable the Group to tap into significant
synergies at operational and technological level.
The transaction is subject to the standard official approvals and is scheduled
for completion in Q4 2026.
End of Inside Information
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|Language|English |
+--------+---------------------------------------------------------------------+
|Company |Renk Group AG |
| | |
| |Gögginger Str. 73 |
| | |
| |86159 Augsburg |
| | |
| |Germany |
+--------+---------------------------------------------------------------------+
|Phone |(498) 215-7000 |
+--------+---------------------------------------------------------------------+
|Fax | |
+--------+---------------------------------------------------------------------+
|Email |investors@renk.com |
+--------+---------------------------------------------------------------------+
|Homepage|https://www.renk.com/ |
+--------+---------------------------------------------------------------------+
|LEI |894500H8CNSZ53EI6K63 |
+--------+---------------------------------------------------------------------+
|Listed |? DE000RENK730, DE - Frankfurt Exchange, Boerse Frankfurt - |
| |Regulierter Markt, RENK73; DE - Berlin Stock Exchange, Boerse Berlin |
| |- Freiverkehr, RENK73; DE - Hannover Stock Exchange, Boerse Hannover |
| |- Freiverkehr, RENK73; DE - Dusseldorf Stock Exchange, Boerse |
| |Duesseldorf - Freiverkehr, RENK73; DE - Hamburg Stock Exchange, |
| |Boerse Hamburg - Freiverkehr, RENK73; DE - Munich Stock Exchange, |
| |Boerse Muenchen - Freiverkehr, RENK73; DE - Stuttgart Stock Exchange,|
| |Boerse Stuttgart - Freiverkehr, RENK73; DE - Tradegate Exchange, Open|
| |Market, RENK73; |
+--------+---------------------------------------------------------------------+
|Indices |MDAX, HDAX (Performance), MDAX (Kursindex), DAX Supersector |
| |Industrials (Performance) |
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