Steyr Motors AG (ISIN AT0000A3FW25), a global leader in customized engines for mission-critical defense and civil applications, has 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, represents a strategic quantum leap for Steyr Motors, enabling it to become a full-range provider of marine engines from 24 to 700 horsepower. Initial consolidation of the BUKH Group will begin in the second quarter of 2026.
With this acquisition, Steyr Motors integrates BUKH, a leading specialist for SOLAS-certified (Safety of Life at Sea) engines with a globally established distribution and service network. The expanded performance range, previously 120–300 hp, now covers 24–700 hp, allowing Steyr Motors to offer a nearly complete marine portfolio. This significantly increases revenue potential per customer and enhances competitiveness in international tenders. The deal also provides substantial scaling effects, including a second European production site that strengthens supply chain resilience and access to complementary sales networks, particularly in Asia and South America.
Strategically, the acquisition is particularly important in the defense sector. The expanded performance range enables stronger positioning in the growing market for unmanned surface vessels (USVs). Additionally, Steyr Motors strengthens its position in the SOLAS segment, characterized by high regulatory barriers, 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 sustainably improve operational profitability and EBIT margin.
To ensure a smooth integration, former BUKH owner and CEO Soren Christiansen will remain on BUKH’s Supervisory Board for at least two years. As of April 1, Torben Damberg, formerly CTO/COO at BUKH, has assumed operational leadership. Julian Cassutti, CEO of Steyr Motors, 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.”
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.
