Steyr Motors AG (ISIN AT0000A3FW25) has successfully completed the acquisition of 100% of the shares in Danish companies BUKH A/S and SLC Ejendomme ApS, marking a strategic expansion into new markets with high synergy potential. The initial consolidation of the BUKH Group will commence in the second quarter of 2026.
With this transaction, 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 acquisition expands Steyr Motors' performance range from 120–300 hp to 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.
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 brings substantial scaling effects, including a significant increase in sales volume in the SOLAS segment and a second European production site that strengthens the industrial base and supply chain resilience. BUKH's complementary sales network accelerates market access, particularly in Asia and South America, and opens up additional cross-selling opportunities.
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). At the same time, Steyr Motors strengthens its position in the SOLAS segment, characterized by high regulatory barriers, long spare parts cycles, and a high-margin recurring aftermarket business.
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 experience across the industrial value chain, has assumed operational leadership of BUKH, having previously served as CTO/COO at BUKH.
For further information, visit Steyr Motors AG or view the original release on NewMediaWire.
