RENK Group AG, a leading supplier of military and civilian propulsion solutions and IDV, a company of Iveco Group N.V. specialized in defense and civil protection vehicles, have signed a cooperation agreement aimed at evaluating the potential of RENK and IDV drive technologies for future combat platforms. This cooperation agreement is an important step enabling both parties to actively contribute to accelerating the tracked vehicle programs for their customers. It also addresses the need to strengthen the European supply chain and increase production capacity.
The aim of the agreement is to share the know-how and experience of both parties in the development and manufacturing of powertrain solutions, technologies and equipment.
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 2023, RENK Group AG generated revenue of EUR 926 million.
Iveco Defence Vehicles is a company making part of Iveco Group N.V. Iveco Defence Vehicles is dedicated to delivering innovative automotive and protection solutions to meet the needs of military customers worldwide. The company headquarter is in Bolzano, Northern Italy, at the plant formerly owned by Lancia, a highly-regarded military vehicle manufacturer established in 1937 that became part of the Iveco Group in 1975. The company manufactures specialist logistic, protected and armoured vehicles in its facility in Bolzano in Northern Italy, as well as marketing Iveco’s full commercial range, adapted as necessary to meet the demands of the military user. In consequence, Iveco Defence Vehicles has a full range of vehicles to meet a broad spectrum of defence applications.
Iveco Defence Vehicles boasts an independent internal structure entirely dedicated to R&D located in Bolzano and Piacenza with full access to Iveco’s vast corporate engineering resources. Alongside the Engineering Department and prototyping workshop, the Bolzano facility houses all manufacturing, marketing and aftersales operations, while an additional facility based in Vittorio Veneto provides a centre of excellence for armour. Since 2012 the company has embraced the concept of World Class Manufacturing (or WCM), an integrated approach to achieving excellence through continuously improving all aspects of performance in all areas of the production system.
