RENK Group AG, through its wholly owned subsidiary RENK GmbH, has agreed to sell its Slide Bearings business to Austria’s Miba AG, subject to customary regulatory approvals. The unit produces standardized slide bearings for electric motors, generators and pumps and has operated independently as RENK Bearings GmbH at the Hanover site since October 2025. RENK said the sale advances its sector strategy announced in late 2025 and supports its goal of increasing defense revenue to around 90% of total revenue by 2030. The transaction does not affect the civilian business within RENK’s Marine & Industry division. From the fourth quarter of 2026, the Slide Bearings unit will be reported as a discontinued operation under IFRS 5, with future guidance based on continuing operations in the Vehicle Mobility Solutions and Marine & Industry divisions. Updated 2026 guidance calls for revenue of approximately EUR 1.4 billion and adjusted EBIT of EUR 240 million to EUR 255 million. An earlier disclosure described the purchase price as being in the low- to mid-three-digit-million range, while the latest release says the parties have agreed to keep it confidential.