What Happened
German Firm Expands Portfolio With UK Submarine Propulsion Specialist
Renk has completed its acquisition of David Brown Defence, expanding its portfolio with a UK submarine propulsion specialist. The company has reported a significant increase in orders, with a 33.6% rise to €1.66bn in the first nine months of 2026. The order backlog has reached €7.6bn, with revenue up 5.8% to €982.0m. KNDS has also extended its contract with Renk for Leopard 2 gear, which may contribute to the company’s long-term growth. This development was reported by an unknown source.