Overview
- The companies announced a contract for the sale of RENK’s Slide Bearings business on Thursday, with the purchase price kept confidential and the deal subject to antitrust and regulatory clearance.
- RENK said it will treat the Slide Bearings unit as a discontinued operation under IFRS 5 from Q4 2026 and has updated its 2026 guidance to reflect continuing operations only.
- Miba said it will fold the acquired assets into its Bearing Group to strengthen glide-bearing technologies for industrial electrification, power grids and energy projects.
- Media reports describe the unit as spanning multiple sites with roughly 500 employees and about €130 million in annual revenue, figures that the companies have not publicly confirmed.
- The sale is part of RENK’s sector strategy to free capital and capacity for growing defense drivetrain and marine production and could shift hiring and site roles as Miba integrates the business.