RENK Group AG has sold its slide bearings business to Austrian company Miba AG to sharpen its focus on the defense sector, aiming to increase defense-related revenue to 90% by 2030. The sale does not affect RENK's Marine & Industry civilian business, which remains a growth area. The transaction allows RENK to concentrate resources on defense solutions for land and sea markets, while Miba plans to enhance slide bearing technologies for energy and industrial applications. RENK's 2026 revenue guidance is updated to about €1.4 billion with adjusted EBIT between €240 million and €255 million. The purchase price remains confidential and the deal awaits regulatory approval.
RENK Group strategic realignment is the subject, with Pluang's Industrials sector data as context. As of Oct 22, 2026 07:11 WIB, 97 of 135 Industrials stocks rose, 37 fell. Notable movers include Symbotic Inc at USD 41.26 (+3.96%), MasTec Inc at USD 179.97 (-3.93%) with 100% buy order activity, and INNIO N.V. at USD 16.84 (+3.76%).
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RENK Group AG is selling its slide bearings business to Austrian company Miba AG as part of a strategic shift to focus more on its defense sector. The sale supports RENK's plan to increase defense-related revenue to about 90% by 2030, while the civil...
RENK Group AG, through its subsidiary RENK GmbH, has signed a binding agreement to sell its Slide Bearings business to Austria's Miba AG. The Slide Bearings segment produces standardized bearings used mainly in industrial and civil markets. This sale...
RENK Group AG, through its subsidiary RENK GmbH, has signed a binding agreement to sell its Slide Bearings business to Austria's Miba AG. This unit produces slide bearings mainly used in industrial and civilian markets. The sale aligns with RENK's 20...
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