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KNDS’s Renk share-acquisition plan wins German approval

( April 17, 2025, 09:05 GMT | Official Statement) -- MLex Summary: KNDS, a Franco-German arms manufacturer, has secured approval for its acquisition of shares in defense group Renk. The German competition authority concluded that the deal wouldn't trigger disadvantages for other “system integrators” that rely on Renk for their transmissions and other components. The office said that with KNDS acquiring only a minority stake in Renk, this would have no decisive influence on Renk’s strategic commercial behavior. KNDS intends to raise its stake in Renk to 25 percent plus one vote.Statement follows. ...

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