Published by Global Banking & Finance Review®
Posted on July 28, 2025
2 min readLast updated: January 22, 2026
Add as preferred source on GoogleKNDS boosts its Renk shareholding to 15.84% after Triton transfers 9.17 million shares, amid a surge in European defense stocks.
BERLIN (Reuters) -Franco-German defence contractor KNDS has reached an amicable agreement with private equity group Triton on the transfer of shares in German gearbox maker Renk, it said Monday.
The parties have agreed that Triton would transfer 9.17 million shares to KNDS, allowing it to increase its shareholding in Renk to 15.84% from 6.7%, KNDS said in a statement.
The transfer gives KNDS about half of the shares for which the company had secured a purchase option earlier this year.
KNDS had filed a lawsuit against Triton in May in an attempt to force the private equity group to sell its shares at terms unfavourable for Triton due to a recent surge in Renk's shares.
Shares in Renk have soared by nearly two-thirds since KNDS said it exercised its call option on February 10, boosted by a broad surge in European defense stocks.
The parties had agreed not to disclose further details on the agreement, KNDS said in the Monday statement.
"Both parties will continue their good relationship in the future and collaborate in the best interest of Renk," KNDS said.
(Reporting by Alexander Huebner, Writing by Miranda Murray, Editing by Rachel More and Friederike Heine)
KNDS reached an amicable agreement with Triton on the transfer of shares in German gearbox maker Renk, allowing KNDS to increase its shareholding.
Triton is transferring 9.17 million shares to KNDS, which will raise KNDS's shareholding in Renk to 15.84%.
KNDS filed a lawsuit against Triton in May to compel the private equity group to sell its shares at terms that were unfavorable for Triton due to a surge in Renk's shares.
Shares in Renk have soared by nearly two-thirds since KNDS exercised its call option, driven by a broad surge in European defense stocks.
KNDS stated that both parties will continue their good relationship and collaborate in the best interest of Renk.
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