Global Partnership Reaches New Heights

Global Partnership Reaches New Heights: Horstman and ST Engineering Celebrate Nearly 30 Years of Strategic Collaboration and sign new agreement

Since the mid-1990s, the two companies have built a strong, trusted relationship that has spanned continents, overcome market challenges, and delivered continuous innovation in the Land Defence area.  This milestone not only highlights the longevity of the business relationship but also underlines the enduring values of mutual respect, adaptability, and a shared vision for excellence.

“Our partnership with Horstman is built on mutual respect and trust,” said Tan Pek Tong, Deputy President of ST Engineering Land Systems. “We are honoured to work with like-minded partners who share our vision for innovation and excellence. We look forward to many more years of shared success.”

"I am pleased that Horstman and ST Engineering have marked nearly 30 years of delivering innovation, excellence, and security through signing this MoU. The UK is a defence industrial superpower, with defence and security exports to Asia Pacific worth over £2.1bn in 2023. We are committed to building mutual prosperity and security with the Asia Pacific, and look forward to seeing our defence partnership grow from strength to strength", said Martin Kent, His Majesty's Trade Commissioner for Asia Pacific

Since the partnership began, Horstman has consistently delivered high-quality suspension systems, playing a critical role in ST Engineering’s vehicle programmes. The close collaboration has enabled both companies to innovate and adapt to evolving market demands while maintaining the highest standards in quality, efficiency, and sustainability.

“It has been an incredible journey partnering with ST Engineering,” said Gareth Elwell, CEO of Horstman Group. “We are delighted to be able to sign this agreement in Singapore on HMS Price of Wales. Nearly three decades of collaboration is a rare achievement in today’s fast-changing world, and we are immensely proud of the trust and respect that form the foundation of our relationship. We are excited for what the future holds as we continue to grow and evolve together.”

As we celebrate this important milestone, both companies reaffirm their commitment to strengthening their alliance, invest in innovation and deliver greater value to their customers around the globe.

About Horstman Group

Horstman – a RENK Group company – has been headquartered in Bath since 1913, with business units in the US, the UK and Canada. It delivers mobility solutions for the global wheeled and armored markets’ hardest challenges. Horstman provides world leading design and manufacturing capabilities, with our customers benefiting from our time-tested pedigree in innovation, product development, manufacture and defense project management in heavy armored and tracked vehicle suspension systems.

Horstman designed and manufactured products have been selected for over a century to provide the mobility advantage across multiple, battle proven, platforms for global customers.

For more information, please visit www.HorstmanGroup.com

About the RENK Group AG

Headquartered in Augsburg, Germany, RENK Group AG is a globally leading manufacturer of mission-critical propulsion solutions across diverse military and civil end markets. Our product portfolio includes gear units, transmissions, power-packs, hybrid propulsion systems, suspension systems, slide bearings, couplings & clutches and test systems. With this broad product portfolio RENK Group AG serves, in particular, customers in industries for military vehicles, naval, civil marine, and industrial applications focused on energy. In the fiscal year 2024, RENK Group AG generated revenue of EUR 1.14 billion. RENK Group AG has been listed on the Frankfurt Stock Exchange since February 7, 2024, and has been a member of the MDAX since March 24, 2025.

For further information, please visit www.renk.com

Disclaimer

This Press Release contains forward-looking statements that are based on plans, expectations, estimates and projections of the management of RENK Group as at the date of this Press Release. These plans, expectations, estimates and projections depend on a variety of assumptions and are subject to unforeseeable events, uncertainties, known and unknown risks as well as other factors that may cause actual results or the actual financial situation, development or performance to differ from those expressed or implied in the forward-looking statements. RENK Group does not assume any obligation to update the forward-looking statements or make adjustments to them to reflect events or developments occurring after the date of this Press Release unless obliged by statutory law.