Renk and Triton: End of an era - Defense, energy transition, and IPO

Decoupled Triton Fully Exits the Renk Group

2025-09-10 Source: dpa | Translated by AI 1 min Reading Time

For a relatively long time, the gearbox specialist Renk and the investment company Triton were partners. Now this era is coming to an end ...

Renk is known for gearboxes that must withstand the heaviest loads, such as those found in heavy military vehicles. The investment company Triton held a significant stake in Renk for many years. Now Triton has fully exited ...(Image: Renk) — Renk is known for gearboxes that must withstand the heaviest loads, such as those found in heavy military vehicles. The investment company Triton held a significant stake in Renk for many years. Now Triton has fully exited ...
(Image: Renk)

Renk from Augsburg (Germany) supplies a variety of industries, with a particular focus on defence and energy transition, with gearbox systems, bearing components, and suspension units. The private equity firm Triton acquired a 90 percent stake in the former Volkswagen subsidiary Renk in 2020 and the remaining shares a year later. In 2024, Renk went public (at 15€ per share at the time, approx. 17 USD). Under Triton's leadership, Renk introduced a new organizational structure. Stock price increases and a defence boom drove the value up to the current 63€ per share (approx. 70 USD). It is now reported that Triton has fully exited, marking the end of a five-year partnership. However, the private equity firm had been consistently reducing its stake in Renk since the IPO.

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