Steyr Motors AG (ISIN AT0000A3FW25), a global leader in customized engines for mission-critical defense and civil applications, has successfully completed the acquisition of 100% of the shares in Danish companies BUKH A/S and SLC Ejendomme ApS. The transaction, announced on April 7, 2026, marks a strategic expansion toward becoming a leading provider in marine and defense sectors. Initial consolidation of the BUKH Group will begin in the second quarter of 2026.
Julian Cassutti, CEO of Steyr Motors AG, commented, “With the successful closing of BUKH, we are taking a strategic quantum leap in our marine and defense business. The expansion of our portfolio, access to new markets, and the resulting synergy potential lay the foundation for further international growth.”
BUKH is a specialist in SOLAS-certified (Safety of Life at Sea) engines with a globally established distribution and service network. The acquisition expands Steyr Motors' performance range from the previous 120–300 hp to a future range of 24–700 hp, enabling the company to offer a nearly complete marine portfolio. This significantly increases revenue potential per customer and enhances competitiveness in international tenders.
Substantial scaling effects are expected following the transaction: sales volume in the SOLAS segment increases significantly, a second European production site strengthens the industrial base and supply chain resilience, and BUKH’s complementary sales network accelerates market access, particularly in Asia and South America, opening up additional cross-selling opportunities. The acquisition also strengthens Steyr Motors' position in the defense sector, particularly in the growing market for unmanned surface vessels (USVs), and in the high-margin SOLAS aftermarket business characterized by high regulatory barriers and long spare parts cycles.
The acquisition is expected to have a positive impact on earnings already in the first full year of consolidation and will sustainably strengthen operational profitability and EBIT margin in the coming years. To ensure a smooth integration, former owner and CEO of BUKH, Soren Christiansen, will remain on BUKH’s Supervisory Board for at least two years. As of April 1, Torben Damberg, a mechanical engineer with extensive industrial experience and former CTO/COO at BUKH, has assumed operational leadership.
For further information, contact Steyr Motors AG Investor Relations at +43 676 6222 367 or visit www.steyr-motors.com. Press contact: CROSS ALLIANCE communication GmbH, Susan Hoffmeister, +49 89 125 09 0333, www.crossalliance.de. View the original release on www.newmediawire.com.
