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Renk Group AG: RENK Enters Into Binding Agreement for the Sale of its Slide Bearings Business to Miba AG

GlobeNewswire Inc.·
Renk Group AG: RENK Enters Into Binding Agreement for the Sale of its Slide Bearings Business to Miba AG

RENK Group AG has agreed to sell its Slide Bearings business unit to Austrian company Miba AG for a purchase price in the low to mid three-digit million range. The sale aligns with RENK's strategic refocus on its defence business and implements the sector strategy announced in late 2025. The transaction will be reported as a discontinued operation from Q4 2026, with updated guidance for 2026 revenue of approximately EUR 1.4 billion and adjusted EBIT of EUR 240-255 million.

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