Steyr Motors AG (ISIN AT0000A3FW25), a global leader in customized engines for mission-critical defense and civil applications, announced the successful completion of its acquisition of 100% of the shares in Danish companies BUKH A/S and SLC Ejendomme ApS. The transaction, effective April 7, 2026, marks a strategic expansion into new markets and positions Steyr Motors as a full-range provider of marine engines from 24 to 700 hp.
Julian Cassutti, CEO of Steyr Motors AG, stated: “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 leading international specialist for SOLAS-certified (Safety of Life at Sea) engines with a globally established distribution and service network. The acquisition significantly broadens Steyr Motors’ performance range from the previous 120–300 hp to 24–700 hp, enabling the company to offer a nearly complete marine portfolio. This increases revenue potential per customer and enhances competitiveness in international tenders.
The transaction provides substantial scaling effects, including a significant increase in sales volume in the SOLAS segment, a second European production site that strengthens industrial base and supply chain resilience, and access to BUKH’s complementary sales network, particularly in Asia and South America. These factors open up cross-selling opportunities across both companies’ product lines.
Strategically, the acquisition is particularly important in the defense sector. The expanded performance range allows Steyr Motors to strengthen its position in the growing market for unmanned surface vessels (USVs). Additionally, the company enhances its standing in the SOLAS segment, characterized by high regulatory barriers to entry, long spare parts cycles, and high-margin, recurring aftermarket business.
The acquisition is expected to have a positive impact on earnings in the first full year of consolidation and will sustainably improve operational profitability and EBIT margin in the coming years. To ensure 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, previously CTO/COO at BUKH, has assumed operational leadership of the company.
Steyr Motors AG, headquartered in Steyr, Austria, is a global leader in developing and producing high-performance customized special engines with high power density and durability. The company’s engines are primarily used for military special vehicles, boats, and as auxiliary power units for main battle tanks and locomotives.
For further information, please contact Steyr Motors AG Investor Relations at www.steyr-motors.com or press contact CROSS ALLIANCE communication GmbH at www.crossalliance.de.
