Germany's Renk to buy UK naval supplier David Brown Defence

NAMPA / DPA

2026-07-03

London (PA Media/dpa) - UK naval supplier David Brown Defence is set to be bought by German defence giant Renk. Frankfurt-listed Renk Group said on Friday that it has agreed a takeover for the privately-owned business. The firms did not disclose the value of the deal. Renk will buy the group from parent firm David Brown Santasalo, which is owned by US private equity firm Stellex Capital Management. The deal is subject to regulatory approvals but......

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