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 2025 strategy to focus more on its defense business. The deal, valued in the low to mid three-digit million euro range, is subject to regulatory approvals and will lead RENK to report the Slide Bearings unit as discontinued from Q4 2026. RENK updates its 2026 revenue guidance to around EUR 1.4 billion and adjusted EBIT to EUR 240-255 million, focusing on its Vehicle Mobility Solutions and Marine & Industry divisions going forward.
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: Out of 135 priced US Industrials stocks, 97 rose and 37 fell today. Notable movers include CMBT at USD 18.30 with a 4.99% increase and a typical hold time of 6 days, NVT at USD 146.00 up 4.51% with 100% buy order activity and an 18-day hold time, and CSX at USD 50.19 rising 4.39% with a 56-day hold time.
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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. The Slide Bearings segment produces standardized bearings used mainly in industrial and civil markets. This sale...
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