Steyr Motors AG Completes Acquisition of BUKH A/S, Expanding Marine and Defense Portfolio

Steyr Motors AG has successfully completed the acquisition of 100% of the shares in the Danish companies BUKH A/S and SLC Ejendomme ApS, marking a strategic expansion toward becoming a leading provider of mission-critical defense and marine applications. The initial consolidation of the BUKH Group will start from the second quarter of 2026, with the acquisition expected to have a positive impact on earnings already in the first full year of consolidation.

Julian Cassutti, CEO of Steyr Motors AG, described the transaction as a strategic quantum leap in the company's marine and defense business, noting that the expansion of the portfolio, access to new markets, and resulting synergy potential lay the foundation for further international growth. With BUKH, Steyr Motors integrates a leading international specialist for SOLAS-certified engines (Safety of Life at Sea) with a globally established distribution and service network.

The transaction significantly expands Steyr Motors' performance range from the previous 120–300 hp to a future range of 24–700 hp, enabling the company to offer a nearly complete marine portfolio for the first time. This expansion significantly increases revenue potential per customer and enhances competitiveness in international tenders. The acquisition also achieves substantial scaling effects: sales volume in the SOLAS segment increases significantly, a second European production site strengthens the industrial base and enhances 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, where the expanded performance range enables stronger positioning in the growing market for unmanned surface vessels (USVs). Steyr Motors further strengthens its position in the SOLAS segment, which is characterized by high regulatory barriers to entry, long spare parts cycles, and a high-margin, recurring aftermarket business.

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 and actively support the integration. As of April 1, Torben Damberg has assumed the operational leadership of BUKH. The mechanical engineer has extensive experience across the industrial value chain and most recently served as CTO/COO at BUKH, where he was responsible for key parts of the operational business.

For further information about Steyr Motors AG, visit https://www.steyr-motors.com. Additional details about the acquisition can be found at https://www.newmediawire.com.