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Steyr Motors takes over Danish defence company

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How Steyer intends to manage the Bukh takeover financially

The purchase price will be financed through a balanced combination of cash and cash equivalents and a non-cash capital increase. However, a significant portion of the purchase price will be paid in cash, while the remaining portion will be paid by issuing new shares from authorised capital. The seller is subject to a "lock up" obligation. In addition, an "earn-out" model has been agreed that is linked to operating performance indicators for the coming financial years and thus ensures an alignment of interests between buyer and seller. 

The transaction structure is designed in such a way that the capital structure of Steyr Motors AG remains solid and at the same time leaves room for further organic growth and strategic initiatives. Closing is subject to customary conditions precedent and is expected by the end of Q1 2026. To ensure a smooth integration process, the previous owner and CEO of BUKH, Søren Christiansen, will remain on Bukh's Supervisory Board for at least two years and actively support the integration, it is learned. This will ensure the transfer of know-how, distributor stability and operational continuity.

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