Renk: The Dutch Defense Company KNDS Becomes a new Major Shareholder With Almost 25%!

Renk (i) (RENK73) is an industrial manufacturer of drive systems, testing systems, and suspension systems for military ships and tanks. The products are used in the Leopard, Leclerc, Puma, as well as the F-126 frigates and submarines. Additionally, there is an industrial segment providing drive components such as integral gears, bevel gears, and planetary gears for hydrogen processes. Renk is a beneficiary of increasing defense expenditures. NATO is expected to raise its spending quota from 2% of GDP to 3-3.5%. This will lead to a greater number...