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 transaction, announced on April 7, 2026, marks a strategic expansion toward becoming a leading provider of mission-critical defense and marine applications. 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 leading 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 120–300 hp to 24–700 hp, enabling the company to offer a nearly complete marine portfolio for the first time. This increases revenue potential per customer and enhances competitiveness in international tenders. Substantial scaling effects are expected, including increased sales volume in the SOLAS segment, a second European production site to strengthen supply chain resilience, and accelerated market access in Asia and South America through BUKH's complementary sales network.
Strategically, the acquisition is particularly important in the defense sector. The expanded performance range allows stronger positioning in the growing market for unmanned surface vessels (USVs). Steyr Motors also strengthens its position in the SOLAS segment, characterized by high regulatory barriers, long spare parts cycles, and high-margin recurring aftermarket business. The acquisition is expected to positively impact earnings in the first full year of consolidation and sustainably improve operational profitability and EBIT margin.
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, previously CTO/COO at BUKH, has assumed operational leadership. Steyr Motors AG, headquartered in Steyr, Austria, is a global leader in high-performance customized special engines for military vehicles, boats, and auxiliary power units. More information is available at www.steyr-motors.com and www.crossalliance.de.
