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 aligns with RENK's strategic shift announced in late 2025 to concentrate more on its defense business. The transaction price is in the lower to mid triple-digit million euro range and awaits regulatory approval. Post-sale, RENK will report its financials based on its continuing operations, mainly Vehicle Mobility Solutions and Marine & Industry divisions, with updated 2026 guidance of approximately €1.4 billion in revenue and €240-255 million in adjusted EBIT.
The RENK Group AG's sale of its Slide Bearings business provides context for industrial sector activity. For readers following Industrials, here is Pluang's market snapshot as of Oct 22, 2026 07:11 WIB: Among 135 priced US Industrials stocks, 97 rose and 37 fell. Notably, SMX traded at USD 1.82 with a 5.21% decline and heavy selling (96% Sell), contrasting with FCEL at USD 13.04 gaining 5.16% amid a 68% sell order ratio, and BE at USD 234.05 up 5.12% with strong buying interest (79% Buy).
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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,...
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. This unit produces slide bearings mainly used in industrial and civilian markets. The sale aligns with RENK's 20...
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