3Sem.·

Steyr Motors plans acquisitions: Mutares subsidiary expects first deal by 2025

Steyr Motors AG $4X0 (+2 %) is exploring the market for possible acquisitions in order to further accelerate its expansion. The Austrian Mutares subsidiary $MUX (-0,37 %) sees attractive options, particularly in Europe and Asia, which could not only complement sales structures but also the existing product portfolio.

Steyr Motors plans to complete at least one successful acquisition before the end of the current financial year. "With these potential acquisitions, the growth targets of Steyr Motors can be significantly exceeded again by 2027," said CEO Julian Cassutti.

Steyr Motors expects a strong surge in demand in the future, driven by rising defense budgets within Europe. As a continental supplier, the company will benefit noticeably from this, according to the company. In addition, Steyr Motors says it is seeing significant impetus in the Asian market from new sales channels in China and new customers in Taiwan, Vietnam and Indonesia. The MENA region and North America are also a strategic focus.

12 Commentaires

Sansebastian@Sansebastian

3Sem.

I recently sold Mutares at €45. When the hype is over and the zone around €28 is reached again, I will buy again

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S.A.U.@SAUgut77

3Sem.

@Sansebastian am happy with 23.91 and use my FSA even without selling...convinced in the long to medium term, so just keep running and add more at your approx. 28.

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Alfred@Alfred16

3Sem.

@Sansebastian I suspect that we will not see the 28 at Mutares again.

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Sansebastian@Sansebastian

3Sem.

@Alfred16 are already at 30€ 😉

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Alfred@Alfred16

2Sem.

@Sansebastian now buy the 28 we will no longer see. 🫡. Wouldn't have believed we'd see the 30 again.

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Sansebastian@Sansebastian

2Sem.

@Alfred16 should continue to run quietly. It's not a must in my portfolio now 🙂

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Hennington Research@HennRes

3Sem.

Steyr entry: 40-50€ currently still overvalued

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S.A.U.@SAUgut77

3Sem.

@Hotte1909 That's where the capacities come into play 😉

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Patrick Schäfer@Hotte1909

3Sem.

@SAUgut77 I've read that too. But I see the technology in the other factories as problematic. Why not switch to 2 or 3 shifts and a 5-day week? That would require around 160 new people. The machines would then be better utilized, which would also lead to an increase in efficiency.

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S.A.U.@SAUgut77

3Sem.

@Hotte1909 A good approach from an entrepreneurial point of view...continuous shift would also be possible, but maybe both will happen and both will be expanded or converted, that would be another addition to capacity and they will need it.

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Patrick Schäfer@Hotte1909

3Sem.

@SAUgut77 I hadn't considered that the storage capacity also needs to be significantly increased. What good is it if they can produce endlessly but have no material to produce anything? But I think if they were to switch to a 5-day week alone, that would increase production by about 20%. Or do you have their working model in mind? It could also be that they have a 4-day week with 10 hours pd each, the model has a friend of mine in Austria, then effectively nothing would really change if they switched to a 5-day week

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S.A.U.@SAUgut77

3Sem.

@Hotte1909 so I can't say anything about the working time model 🤷‍♂️ I had a look at the website under jobs just for fun and there was something with 38.5 hours/week, but there are also job offers with 40 hours/week....

The fact is, however, that they have to increase their workforce massively and continue to grow in order to cope with the coming rush.

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