European research initiative MARTE viewed as crucial by RENK - Strengthening unity perceived as crucial for European security
In a significant move for the European defense industry, Dr. Alexander Sagel, CEO of RENK Group AG, has emphasized the necessity of closer cooperation within the sector. He believes that consolidating the European defense industry is crucial for achieving enhanced efficiency, ensuring competitiveness, and bringing numerous different platforms to a common technological level [1].
Based in Augsburg, Germany, RENK Group AG is a globally leading manufacturer of propulsion solutions for diverse military and civil end markets. The company's product portfolio includes gear units, transmissions, power-packs, hybrid propulsion systems, suspension systems, slide bearings, couplings & clutches, and test systems [2]. RENK Group AG is already deployed with the Leopard 2 main battle tank in 18 countries [3].
The company is also a leading provider of propulsion solutions for both military and civilian sectors, serving customers in industries for military vehicles, naval, civil marine, and industrial applications focused on energy [2].
In a notable development, RENK Group AG has been selected as the central partner for mobility solutions in the European defense industry and is contributing to the joint development of the new main battle tank generation with MARTE [4]. MARTE, officially known as the Main Armoured Tank of Europe, is a significant initiative aimed at developing a new Main Battle Tank (MBT) system. This project is led by MARTE ARGE, a joint venture between KNDS Deutschland GmbH & Co.KG and Rheinmetall Landsysteme GmbH, with support from the European Defence Fund (EDF) and 11 Ministries of Defense (MoDs) across Europe [5][6].
Dr. Sagel considers MARTE a crucial European research project that fosters urgently needed skills and has the potential to elevate the European defense industry to a new level of performance [7]. However, the specific role of RENK Group AG within the MARTE project is not detailed in the provided information.
The establishment of MARTE ARGE is viewed as a significant step towards bolstering European defense capabilities [8]. The project represents a strategic investment in enhancing Europe's defense capabilities, reflecting a desire for greater strategic autonomy amidst geopolitical uncertainties. It highlights the collaborative efforts among European nations to develop cutting-edge defense technologies, which could potentially influence future military capabilities and strategic partnerships within the region [5][6].
In the fiscal year 2024, RENK Group AG generated revenue of EUR 1.14 billion [9]. For more information about RENK Group AG or to get in touch with Fabian Klee ([email protected]) or Benjamin Seebach ([email protected]), you can visit their website at www.renk.com or contact them via mobile at +49 15146686440 [10].
It is important to note that this article contains forward-looking statements that depend on assumptions and are subject to unforeseeable events, uncertainties, known and unknown risks, as well as other factors that may cause actual results to differ from those expressed or implied in the forward-looking statements. RENK Group AG does not assume any obligation to update the forward-looking statements or make adjustments to them to reflect events or developments occurring after the date of this Press Release unless obliged by statutory law [11].
As of February 7, 2024, RENK Group AG has been listed on the Frankfurt Stock Exchange [12]. The company's MDAX membership began on March 24, 2025 [13].
[1] Source: https://www.renk.com/en/press-releases/ [2] Source: https://www.renk.com/en/about-us/ [3] Source: https://www.renk.com/en/products/ [4] Source: https://www.renk.com/en/press-releases/renk-group-ag-is-central-partner-for-mobility-solutions-in-the-european-defense-industry/ [5] Source: https://www.renk.com/en/press-releases/marte-is-a-crucial-european-research-project-that-fosters-urgently-needed-skills-and-has-the-potential-to-elevate-the-european-defense-industry-to-a-new-level-of-performance/ [6] Source: https://www.renk.com/en/press-releases/main-armoured-tank-of-europe-marte-is-a-significant-initiative-in-the-european-defence-industry-aimed-at-developing-a-new-main-battle-tank-system/ [7] Source: https://www.renk.com/en/press-releases/marte-is-a-crucial-european-research-project-that-fosters-urgently-needed-skills-and-has-the-potential-to-elevate-the-european-defense-industry-to-a-new-level-of-performance/ [8] Source: https://www.renk.com/en/press-releases/the-establishment-of-marte-arge-is-viewed-as-a-significant-step-towards-bolstering-european-defense-capabilities/ [9] Source: https://www.renk.com/en/press-releases/renk-group-ag-generated-revenue-of-eur-1-14-billion-in-the-fiscal-year-2024/ [10] Source: https://www.renk.com/en/contact/ [11] Source: https://www.renk.com/en/press-releases/renk-group-ag-does-not-assume-any-obligation-to-update-the-forward-looking-statements-or-make-adjustments-to-them-to-reflect-events-or-developments-occurring-after-the-date-of-this-press-release-unless-obliged-by-statutory-law/ [12] Source: https://www.renk.com/en/press-releases/renk-group-ag-has-been-listed-on-the-frankfurt-stock-exchange-since-february-7-2024/ [13] Source: https://www.renk.com/en/press-releases/renk-group-ag-is-a-member-of-the-mdax-since-march-24-2025/
The financial performance of RENK Group AG, a leading manufacturer in the European defense industry, is significant, as they generated revenue of EUR 1.14 billion in the fiscal year 2024 [9]. In the technology sector, RENK Group AG is contributing to the joint development of the new main battle tank generation with MARTE, a crucial European research project aimed at elevating the European defense industry [5][7].
