Renk Group pivots fully to defence with €3.2B revenue goal by 2030
Renk Group is shifting its focus entirely to defence by 2030. The company plans to grow group revenues to as much as €3.2 billion within the same period. A major part of this strategy involves expanding in the U.S. defence market, particularly for the Army and Navy sectors.
The German engineering firm has already made progress in the U.S. Renk America secured record orders worth over $500 million for 2025. To strengthen its position further, the company is integrating recent acquisitions, including Cincinnati Gearing Systems. By 2026, all U.S. operations will be consolidated under Renk Inc.
Defence contracts are set to dominate Renk’s business in the coming years. The company expects this sector to make up around 90% of its total sales by 2030. Dr. Alexander Sagel, who became CEO of Renk Group AG in February 2025, is overseeing the transition. A new CEO will lead Renk Inc. from 2026, though no details on the appointment have been announced yet.
Renk’s transformation into a dedicated defence supplier will be complete by 2030. The company’s U.S. expansion and consolidation efforts aim to secure a stronger foothold in military contracts. With defence sales projected to reach nearly all of its revenue, Renk is positioning itself as a key player in the global defence industry.
