RENK America Asset Profile

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Year established

1873

Location

MI US

Primary Industry

Defence

About

Based in the US, RENK America formerly known as L-3 Combat Propulsion Systems is a manufacturer and developer of military engines and transmissions for tracked and wheeled combat vehicle systems. In July 2021, RENK Group acquired L3Harris Technologies Combat Propulsion Systems for USD 400 million and created RENK America. The company's CEO is Ted Trzesniowski, and it employs around 400 people, many of whom are military veterans. RENK America's client base includes the U.S Army and allied nations. The company develops, produces, integrates, and supports military propulsion and mobility systems, including engines, transmissions, suspensions, and turret drive systems. RENK America's products are mainly used in Bradley Fighting Vehicle and the M88 Recovery Vehicles, and the company is backed with RENK Group's technology and resources.

Current Investors

Renk AG

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Primary Industry

Defence

Sub Industries

Automobiles, Other Vehicles & Parts, Defence

Verticals

Manufacturing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Deals

Deals Type
Add-on

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	RENK America	01 Mar 2021

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