Renk Group Wants to Strengthen Naval Business -- Market Talk

Dow Jones03-25 17:31

0931 GMT - German defense company Renk is looking to strengthen its naval business, potentially via mergers and acquisitions, CEO Alexander Sagel told the Jefferies European Mid-Cap conference Tuesday. The gearbox maker also sees the secondary market for spare parts, accessories, and components for military equipment as an increasingly attractive mid-term growth opportunity, Jefferies says. Renk's management is very confident about its margin progression this year, Jefferies adds. Shares are up 1.4% at 51.83 euros. (cristina.gallardo@wsj.com)

(END) Dow Jones Newswires

March 25, 2026 05:31 ET (09:31 GMT)

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