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, announced in a press release 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.
CEO Julian Cassutti 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.” BUKH is a specialist in SOLAS-certified engines with a globally established distribution and service network. The acquisition expands Steyr Motors' performance range from 120-300 hp to 24-700 hp, enabling a nearly complete marine portfolio and increasing revenue potential per customer.
Steyr Motors expects substantial scaling effects, including increased sales volume in the SOLAS segment, a second European production site to enhance supply chain resilience, and accelerated market access in Asia and South America via BUKH’s complementary sales network. The acquisition opens cross-selling opportunities, particularly in the defense sector, where the expanded performance range supports stronger positioning in the growing market for unmanned surface vessels (USVs). The SOLAS segment is characterized by high regulatory barriers, long spare parts cycles, and high-margin aftermarket business.
The acquisition is expected to positively impact earnings in the first full year of consolidation and strengthen operational profitability and EBIT margin in the coming years. To ensure smooth integration, former BUKH owner and CEO Soren Christiansen will remain on BUKH’s Supervisory Board for at least two years, and Torben Damberg has assumed operational leadership as of April 1. Damberg, a mechanical engineer with extensive industrial experience, previously served as CTO/COO at BUKH.
For more information, visit Steyr Motors AG or view the original release on NewMediaWire.
