Steyr Motors AG has acquired BUKH A/S Powering Marine Safety for an undisclosed amount. This corporate acquisition sees Steyr Motors taking ownership of BUKH, a company with over a century of experience as a leading OEM manufacturer of marine diesel engines. BUKH is particularly renowned for its SOLAS-approved engines, which power lifeboats, fast rescue boats, and work boats, offering a range from 24 to 1000 horsepower. The company has established a global footprint with 62 dealers and service centers, known for supplying some of the lightest, most powerful, and reliable engines in the marine sector.
This acquisition strategically enhances Steyr Motors' portfolio by integrating BUKH's specialized expertise in safety-critical marine propulsion. BUKH's long-standing reputation for reliability and its strong presence in the lifeboat engine segment, alongside its history in developing engines for various applications from tractors to emergency power generators, significantly complements Steyr Motors' existing offerings. The move is expected to expand market reach and product diversity, leveraging BUKH's extensive experience and global service infrastructure.
The combination of Steyr Motors and BUKH A/S is anticipated to yield significant synergies, strengthening the unified entity's position in the global marine engine market. By bringing together their respective capabilities, the combined company will be able to offer a broader and more comprehensive range of marine engines, particularly in segments demanding the highest safety and quality standards. The focus will remain on continued innovation and dedicated service to a global customer base, building on the combined legacy of engineering excellence in marine propulsion.