Damen Schelde Gears sold to RENK

13 December 2017

Damen Shipyards Group has sold the ownership of subsidiary Damen Schelde Gears to Germany’s RENK Group, it was announced on 11 December.

Details of the deal were not disclosed, with the deal completing on 8 December.

Damen Schelde Gears are used in a number of commercial and naval vessels, with references for naval vessels coming from countries including Australia, Canada, Greece, Indonesia, the Netherlands, and Spain. The company manufactures gears for combinations of diesel, gas, and steam turbine and electric drive.

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