Triton Partners, a private equity firm, is set to acquire a 76% stake in Renk, a manufacturer of drive technologies, from Volkswagen for $586m. “Renk is pleased that with Triton we have found the ideal anchor investor and partner to realize our growth potential and to expand our technology leadership in the coming years. In this regard, we will greatly benefit from Triton’s experience in the areas of internationalization and digitalization," Florian Hofbauer, Renk CEO.