{
  "id": 16005899,
  "title": "Armament: Conversion into an armaments group – Renk sells its slide bearing business",
  "url": "https://urgent.news/2026/10/22/rustung-umbau-zu-rustungskonzern-renk-verkauft-gleitlagergeschaft",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-22T05:46:40.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/unternehmen/industrie/ruestung-umbau-zu-ruestungskonzern-renk-verkauft-gleitlagergeschaeft/100264106.html"
  },
  "original_language": "de",
  "account": "Renk, a company listed on the MDax, has found a buyer for its sliding bearing business, a significant step towards transforming into a pure defence company. The Austrian group Miba has acquired the division, with a purchase price in the lower to mid three-digit million range. Renk aims for 90% of its revenue to come from the defence segment by 2030 and has adjusted its forecast for the current financial year, now expecting €1.4 billion in revenue and an adjusted EBIT of €240-255 million. The company previously predicted over €1.5 billion in revenue and an adjusted EBIT of €255-285 million.",
  "summary": "The gearbox manufacturer plans to focus entirely on armaments in the future. Renk has now found a buyer in Austria for one business division. Other areas are to follow.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}