Laakirchen, October 19, 2026. Miba is taking another important step in its growth strategy. The company will acquire the bearing business of Germany-based RENK Group. The two companies signed the agreement yesterday. The transaction remains subject to approval by the relevant antitrust authorities, for which the application has now been submitted.

RENK’s bearing business specializes in the development and production of industrial bearings. With around 500 employees at five production plants in Germany, the United States, Brazil, China, and Japan, it generates annual revenue of around 130 million euros (USD 146 mio.). The main site is located in Hanover, Germany.

Combining and strengthening expertise in technologies for the energy transition and electrification

“This is the largest acquisition Miba has made in our company’s history”, emphasizes Miba CEO F. Peter Mitterbauer. "In addition, the capabilities of Miba and the RENK bearing business complement each other exceptionally well. Through this acquisition, we aim to combine and strengthen our expertise. This will enable us to even better offer our customers unique bearing technologies for the energy transition and electrification, for example solutions for integrating wind and solar power into electricity grids, for the power supply of AI data centers, for electric motors, and for clean and safe marine propulsion systems."

"By selling the bearing business, we are implementing our sector strategy as announced and sharpening our strategic focus even further on our defense business," says Alexander Sagel, CEO of RENK Group AG. "At the same time, I am pleased that we have found exactly the right partner in Miba for our technologically strong bearing business, enabling it to continue its development with a dedicated industry focus."

Miba AG

Miba AG is one of Austria’s leading industrial and technology companies. It is represented in all important customer markets worldwide with 30 production sites in Europe, Asia, and North and South America, and has around 7,400 employees. Miba develops and produces functionally critical components along the entire energy value chain. Its products make an important contribution to the efficient and sustainable generation, transmission, storage, and use of energy. Miba bearings, powder metal parts, friction materials, power electronics components, and coatings are used around the world in applications like wind power turbines and hydropower plants, power grids, vehicles, ships, aircraft, and agricultural and construction machinery. Miba’s revenue in fiscal year 2025/26 amounted to more than €1.2 billion The company generated 62 percent of its revenue in the industrial goods sector and 38 percent in the automotive segment.

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.