KNDS completed the acquisition of a minority stake in RENK from Triton Partners.

KNDS, a European land defense systems company, completed the acquisition of a minority stake in RENK, a manufacturer of propulsion solutions across diverse military and civil end markets, from Triton Partners, a European mid-market sector-specialist investor. Financial terms were not disclosed. “The commitment of KNDS will have a lasting impact on our cooperation and strengthen our role as a leading manufacturer of mission-critical propulsion solutions in various military end markets," Alexander Sagel, RENK CEO.