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 initial consolidation of the BUKH Group will begin from the second quarter of 2026, marking a strategic expansion toward becoming a leading provider of mission-critical defense and marine applications.
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.”
The acquisition integrates BUKH, a specialist for SOLAS-certified engines (Safety of Life at Sea) with a globally established distribution and service network. The transaction expands Steyr Motors’ performance range from the previous 120–300 hp to a future range of 24–700 hp, allowing the company to offer a nearly complete marine portfolio for the first time. This significantly increases revenue potential per customer and enhances competitiveness in international tenders, particularly in the defense sector where the expanded range enables stronger positioning in the growing market for unmanned surface vessels (USVs).
Substantial scaling effects are expected following the transaction: sales volume in the SOLAS segment will increase significantly, a second European production site will strengthen the industrial base and enhance supply chain resilience. BUKH’s complementary sales network will accelerate market access, especially in Asia and South America, and open additional cross-selling opportunities. The SOLAS segment is characterized by high regulatory barriers to entry, long spare parts cycles, and a high-margin, recurring aftermarket business, which will further strengthen Steyr Motors’ operational profitability.
The acquisition is expected to have a positive impact on earnings already in the first full year of consolidation and will sustainably improve Steyr Motors’ 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, who has extensive experience across the industrial value chain and most recently served as CTO/COO at BUKH, has assumed operational leadership of BUKH.
For further information about Steyr Motors AG, visit www.steyr-motors.com. The original press release is available on www.newmediawire.com.
