Steyr Motors AG (ISIN AT0000A3FW25) announced the successful completion of its acquisition of 100% of the shares in Danish companies BUKH A/S and SLC Ejendomme ApS, marking a strategic expansion into new markets with significant synergy potential. The initial consolidation of the BUKH Group will begin in the second quarter of 2026.
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.”
The acquisition integrates BUKH, a specialist in SOLAS-certified (Safety of Life at Sea) engines with a globally established distribution and service network. This expands 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 development significantly increases revenue potential per customer and enhances competitiveness in international tenders.
Steyr Motors expects substantial scaling effects from the acquisition, including increased sales volume in the SOLAS segment, a second European production site to strengthen industrial base and supply chain resilience, and accelerated market access in Asia and South America through BUKH’s complementary sales network. Cross-selling opportunities are anticipated across both companies’ product lines.
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 to entry, long spare parts cycles, and a 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 strengthen 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 has assumed operational leadership of BUKH, bringing extensive experience across the industrial value chain, most recently as CTO/COO at BUKH.
Steyr Motors AG, headquartered in Steyr, Austria, is a global leader in developing and producing high-performance customized special engines for military special vehicles, boats, and auxiliary power units for main battle tanks and locomotives. Further details are available in the original release on NewMediaWire and on the company’s website at www.steyr-motors.com.
