
Steyr Motors AG $4X0 (+0,2 %) is exploring the market for possible acquisitions in order to further accelerate its expansion. The Austrian Mutares subsidiary $MUX (+6,22 %) 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.