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    Home > Headlines > Renk eyes 500-million-euro investment in armoured vehicles, CEO says
    Headlines

    Renk eyes 500-million-euro investment in armoured vehicles, CEO says

    Published by Global Banking and Finance Review

    Posted on June 30, 2025

    1 min read

    Last updated: January 23, 2026

    Renk eyes 500-million-euro investment in armoured vehicles, CEO says - Headlines news and analysis from Global Banking & Finance Review
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    Tags:innovationinvestment

    Quick Summary

    Renk plans a €500 million investment in armoured vehicle production to meet future German military demand, according to CEO Alexander Sagel.

    Renk Plans €500 Million Investment in Armoured Vehicle Production

    (Reuters) -German defence contractor Renk plans to invest about 500 million euros ($586 million) in armoured vehicles production capacity and development over the next few years to prepare for a boost in German government orders, its CEO told newspaper Handelsblatt.

    "We expect that the German armed forces will need up to 1,000 new wheeled armoured vehicles by 2035. In addition, there could be demand for up to 600 new battle tanks and infantry combat vehicles each," CEO Alexander Sagel was quoted as saying.

    ($1 = 0.8538 euros)

    (Reporting by Ludwig Burger, editing by Rachel More)

    Key Takeaways

    • •Renk plans to invest €500 million in armoured vehicles.
    • •The investment aims to boost production capacity.
    • •German armed forces may need 1,000 new vehicles by 2035.
    • •Demand for 600 new battle tanks and infantry vehicles expected.
    • •CEO Alexander Sagel outlines future military needs.

    Frequently Asked Questions about Renk eyes 500-million-euro investment in armoured vehicles, CEO says

    1What is Renk planning to invest in?

    Renk plans to invest about 500 million euros in armoured vehicles production capacity and development.

    2How many new wheeled armoured vehicles does Renk expect to be needed?

    Renk expects that the German armed forces will need up to 1,000 new wheeled armoured vehicles by 2035.

    3What additional military vehicles might be in demand?

    In addition to wheeled armoured vehicles, there could be demand for up to 600 new battle tanks and infantry combat vehicles.

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