Defense Group KNDS Plans to Cut Its Stake in Gearbox Maker Renk The European defense landscape is abuzz with news that KNDS NV, the parent company of Krauss Maffei Wegmann and Nexter Group, plans to scale back its involvement in Renk Group AG.
The German gearbox maker will play a pivotal role in France's defense modernization efforts, but KNDS' decision to pare down its stake raises questions about the future of their partnership.
KNDS NV has been at the forefront of European defense consolidation, with its parent companies merging under Nexter Group in 2019.