Steyr Motors AG (ISIN AT0000A3FW25), a global leader in customized engines for mission-critical defense and civil applications, has successfully completed the acquisition of 100% of the shares in Danish companies BUKH A/S and SLC Ejendomme ApS. The transaction marks a strategic expansion toward becoming a leading provider of mission-critical defense and marine applications, with initial consolidation of the BUKH Group starting from the second quarter of 2026.
With BUKH, Steyr Motors integrates a leading specialist for SOLAS-certified engines (Safety of Life at Sea) with a globally established distribution and service network. The acquisition significantly expands the performance range from 120–300 hp to 24–700 hp, enabling Steyr Motors to offer a nearly complete marine portfolio. This increases revenue potential per customer and enhances competitiveness in international tenders. The transaction also brings substantial scaling effects, including a second European production site that strengthens the industrial base and improves 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). 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 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 process, the 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. Damberg, a mechanical engineer with extensive experience across the industrial value chain, most recently served as CTO/COO at BUKH, where he was responsible for key parts of the operational business.
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.”
For further information, visit www.steyr-motors.com or view the original release on www.newmediawire.com.
