Press release

RENK to supply another 42 transmissions for AJAX platform to Latvia

RENK to supply another 42 transmissions for AJAX platform to Latvia

• Order underscores high level of confidence in RENK's cutting-edge technology and reliability

Augsburg / July 15, 2025 – RENK Group AG, a leading provider of propulsion solutions for the military and civilian sectors, is supplying a further 42 HSWL-256B gear units for the AJAX infantry fighting vehicle to Latvia. The Baltic state is thus exercising its option for additional transmissions shortly after placing its initial order. This brings the total number of transmissions ordered from Latvia alone to 84.

The expansion of the order underscores the NATO country's great confidence in RENK's product portfolio. The HSWL-256B is already in service in British Armed Forces vehicles and has proven itself in the field of mission-critical drive technology. The transmission is primarily used in the 35 to 45 tonne weight class and impresses with its 800 kW (1100 hp), robustness and compact design.

At the beginning of the month, RENK added two new countries to its existing customer base for the AJAX gearbox with Latvia and another international partner.

The transmissions will be manufactured at the company's headquarters in Augsburg, with delivery scheduled to begin in 2026.

About the RENK Group AG

Headquartered in Augsburg, Germany, RENK Group AG is a globally leading manufacturer of mission-critical propulsion solutions across diverse military and civil end markets. Our product portfolio includes gear units, transmissions, power-packs, hybrid propulsion systems, suspension systems, slide bearings, couplings & clutches and test systems. With this broad product portfolio RENK Group AG serves, in particular, customers in industries for military vehicles, naval, civil marine, and industrial applications focused on energy. In the fiscal year 2024, RENK Group AG generated revenue of EUR 1.14 billion. RENK Group AG has been listed on the Frankfurt Stock Exchange since February 7, 2024, and has been a member of the MDAX since March 24, 2025.

For further information, please visit www.renk.com

Disclaimer

This Press Release contains forward-looking statements that are based on plans, expectations, estimates and projections of the management of RENK Group as at the date of this Press Release. These plans, expectations, estimates and projections depend on a variety of assumptions and are subject to unforeseeable events, uncertainties, known and unknown risks as well as other factors that may cause actual results or the actual financial situation, development or performance to differ from those expressed or implied in the forward-looking statements. RENK Group does not assume any obligation to update the forward-looking statements or make adjustments to them to reflect events or developments occurring after the date of this Press Release unless obliged by statutory law.

Mit freundlichen Grüßen | Best regards

Fabian Klee
Global Head of Communications | Group Spokesperson

Email: fabian.klee@renk.com

Mobile: +49 1607154647
 

Benjamin Seebach
Senior Communications Manager | Corporate Communications

Email: benjamin.seebach@renk.com

Mobile: +49 15146686440

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