Steyr Motors AG is considering initial acquisitions to further develop its expansion and profitability alongside strong global organic growth

Steyr, Austria, 25 March 2025 – Steyr Motors AG (ISIN , ‘Company’), one of the world's leading companies in the field of customized engines for mission-critical defense and civil applications, is on a clear growth path and is exploring the market for external acquisitions to expand its portfolio and achieve even more aggressive growth. 

The Company is anticipating very high demand from European and international allies. With the special funds approved in Germany, similar scenarios will arise in other large European countries in the coming months and years, and defense budgets will increase significantly. As a continental supplier, Steyr Motors will benefit from this to a greater extent than previously assumed.

In international business, the main drivers of sales growth were the successful expansion in Asia, with new sales channels in China and new customers in Taiwan, Vietnam, India and Indonesia. In addition, the MENA region has been defined as a strategic growth region and the sales network there has been expanded. In particular, the North American market offers tangible opportunities here. The Management Board expects a significant tailwind from the internationalisation strategy.

To further accelerate this growth, the Company is currently exploring the European and Asian markets in particular for possible acquisitions. This should enable the further development and expansion of sales structures, but also an expansion of the product portfolio for existing customers. The Company aims to complete at least one successful acquisition in this financial year.

Julian Cassutti, CEO of Steyr Motors: “We are currently actively looking for acquisition targets in the market in order to further accelerate the exceptionally strong demand for our products and to expand our geographical and product range. These potential acquisitions would enable Steyr Motors to significantly exceed its growth targets for the period up to 2027. We are at the beginning of an exciting journey and I look forward to the successes in 2025 and beyond.”

Company profile of Steyr Motors AG

Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability. The Company’s engines are primarily used for military special vehicles, boats (both military and civilian) and as auxiliary power units (“APU”) for main battle tanks and locomotives. In the full year 2024, Steyr Motors generated an (adjusted) EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an EBIT margin of well above 20%, and a production volume of at least 1,250 units.

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