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As part of the acquisition in 2021 of the subsidiary RENK America
(previously Combat Propulsion Systems (CPS) of L3 Harris
Technologies). the Stamberg-based company Magnet-Motor GmbH also
became part of the RENK Group. As a result, a world-leading supplier of
hybrid drive systems for military vehicles and naval vessels joined the
Group.
In order to further strengthen the integration of the company and to be
able to act more agilely, Mr. Michael Masur, in addition to his responsibility
as division head of the vehicle business at the RENK Group, has been
named CEO of RENK Magnet-Motor GmbH. In this conneclion, Mr. Jens
Lell has left the Execulive Board. The change was implemented by
common agreement of all parlies.

“Magnet-Motor plays a crucial role in our Group in the increasingly
accelerating trend of drive eleclrification. We want our customers and our
projects to experience and utilize this potential in the best possible way.
To achieve this, we must work very closely together and operate in a
coordinated manner. This requires a strenger operational integralion of
Magnet-Motor into the existing activities of lhe RENK Group,” comments
Susanne Wiegand, CEO of lhe RENK Group.
About RENK Group: Headquartered in Augsburg, Germany, RENK
Group is a globally leading manUfacturer of high–quality transmissions.
engines. hybrid drive systems. suspension systems, slide bearings.
couplings and lest systems. The group serves a wide range of endmarkets
with a particular focus on armored vehicles, defense and civil
marine. power generalion. plastics. oil & gas. and others. Wilh over 3,000
employees. RENK Group generates annual revenues of over USD 950
million.

RENK GmbH
Gögginger Str. 73
86159 Augsburg

For further information please visit: www.renk-qroup.com

For inquiries: press@renk.biz

Visit us at our booth no 4131, Hall C at the AUSA annual meeting and exhibition in Washington D.C. from October 1113, 2021 and discover the RENK Group’s product portfolio for military applications. The RENK, Magnet-Motor and Horstman sales team looks forward to seeing you there!

Learn more about AUSA here.

Muskegon, Mich. – RENK Group acquired L3Harris Technologies Combat Propulsion Systems for roughly $400 million in cash to create RENK America.
The new company will continue to provide the latest in superior mobility solutions to the U.S. and allied nations. It will also become the U.S. center of excellence for the RENK Group.
“Becoming part of the RENK Group enables us to reinforce our mission of supporting the U.S. Army and our allies,” RENK America CEO Ted Trzesniowski said. “The new organization – strengthened by RENK Group’s advanced technology and resources – will further enhance our combat mobility systems to offer the best value to customers and ideally position us for future platforms.”
RENK America will add to the RENK Group’s global capacity for research and development, manufacturing and service. RENK America products currently power long-time defense workhorses such as the Bradley Fighting Vehicle and the M88 Recovery Vehicle.
“We intend to lead the modernization of American armored vehicle mobility systems with the efficiencies and opportunities created by this merger of industry leaders,” RENK Group CEO Susanne Wiegand said. “RENK America will advance our ability to empower our forces by offering reliable and safe combat mobility innovations.”
RENK America will convert the 1.2 million-square-foot L3Harris facility at 76 S. Getty St. in Muskegon, Mich. into its headquarters. It expects to retain L3Harris’ nearly 400-strong corps of talent, many of whom are military veterans themselves whose lives once depended upon the products they now build.
As part of the transaction, RENK Group also acquired L3Magnet-Motor GmbH in Starnberg, Germany, which is a global leader in hybrid drive solutions for protected vehicles and Navy vessels.

L3Harris and RENK have signed a definitive agreement under which RENK will acquire L3Harris’ Combat Propulsion Systems business for $400 million in cash. The transaction is expected to close in the second half of 2021 and is subject to customary closing conditions and regulatory review. L3Harris’ Combat Propulsion Systems business is part of our Aviation Systems segment.

For more information view our press release at L3Harris Technologies.

in these challenging times we continue to maintain operations for you. In order to protect our team we are however refraining from any personal visits to our facilities until further notice.

Come and visit us at the Eurosatory in Paris from 11 to 15 June. Your will find us at the L3 Technologies booth no C577.

Already in December 2017 Magnet-Motor was awared the ISO 9001:2015 Certificate by the German Certification Body TÜV Süd.

To us this confirms our commitment to continuous improvement. Our customers benefit through increased added value across the entire Service Portfolio relating to our pioneering hybrid solutions.

We are proud to announce our new website.