Steyr Motors AG has successfully completed the acquisition of 100% of shares in Danish companies BUKH A/S and SLC Ejendomme ApS, marking a strategic expansion in mission-critical defense and marine applications. The initial consolidation of the BUKH Group will begin from the second quarter of 2026, with the transaction expected to contribute positively to earnings in the first full year of consolidation.
This acquisition represents a significant strategic move for Steyr Motors, expanding its engine performance range from 120–300 horsepower to 24–700 horsepower. This expansion enables the company to offer a nearly complete marine portfolio for the first time, increasing revenue potential per customer and enhancing competitiveness in international tenders. The transaction is particularly important in the defense sector, where the expanded performance range enables stronger positioning in the growing market for unmanned surface vessels.
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 acquisition provides access to new markets through BUKH's complementary sales network, particularly accelerating market access in Asia and South America while opening additional cross-selling opportunities. The company achieves substantial scaling effects as sales volume in the SOLAS segment increases significantly, while a second European production site strengthens the industrial base and enhances supply chain resilience.
Julian Cassutti, CEO of Steyr Motors AG, stated that the acquisition represents a strategic quantum leap in the company's marine and defense business, laying the foundation for further international growth through portfolio expansion and synergy potential. The SOLAS segment, characterized by high regulatory barriers to entry, long spare parts cycles, and a high-margin recurring aftermarket business, represents a particularly valuable addition to Steyr Motors' operations.
To ensure smooth integration, former BUKH owner and CEO Soren Christiansen will remain on BUKH's Supervisory Board for at least two years to actively support the transition. Torben Damberg, who has extensive experience across the industrial value chain and previously served as CTO/COO at BUKH, assumed operational leadership of BUKH on April 1. The acquisition is expected to sustainably strengthen Steyr Motors' operational profitability and EBIT margin in coming years. For more information about Steyr Motors, visit https://www.steyr-motors.com.
