Engine maker Renk opens shop in Italy ahead of armor spending frenzy

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German propulsion company Renk is establishing a subsidiary in La Spezia, Italy, shortly after Rheinmetall and Leonardo announced plans to build tanks and infantry fighting vehicles for the Italian army in the same city. Renk sees La Spezia as a strategically important location, placing it closer to Italian customers and partners. The move positions Renk to potentially benefit from the Italian army’s massive €23 billion ($25 billion) vehicle order. The company, which generated €926 million in revenue in 2023, specializes in gear units, transmissions, power-packs, and hybrid propulsion systems. La Spezia is also home to Leonardo’s long-standing tank production operations.

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