Renk Group Nears Deal to Buy UK’s David Brown Defence

Industrial machinery maker Renk Group AG is nearing a deal to acquire privately held David Brown Defence, in a move that gives it more exposure to the naval sector, according to people familiar with the matter. Industrial machinery maker Renk Group AG is nearing a deal to acquire privately held David Brown Defence, in a move that gives it more exposure to the naval sector, according to people familiar with the matter.