Gearbox Maker Renk Is Said to Mull Options for Civilian Business

Renk Group AG is considering options for its civilian industrial business, according to a person familiar with the matter, as the German gearbox maker looks to focus on its defense operations.

The Frankfurt-listed company is working with advisers on a strategic review of the business that manufactures products for civilian use, the person said. Options could include a partial or full sale of individual subunits within the civilian industrial business, which is unlikely to be sold in one piece, the person said.

No final decisions have been made and Renk could opt to keep the assets. A representative for Renk ...