EQS-News: Steyr Motors drives international expansion with new location in Dubai

EQS-News: Steyr Motors AG / Key word(s): Expansion
   Steyr Motors drives international expansion with new location in Dubai

   03.09.2025 / 07:30 CET/CEST
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   Steyr Motors drives international expansion with new location in Dubai

     • Strengthening its presence in the Middle East
     • Global hub connecting Europe, Asia, and Africa
     • Dynamic growth market offers revenue potential of several thousand
       engines

   Steyr, Austria, 3 September 2025 – Steyr Motors AG  ([1]ISIN
   AT0000A3FW25), one of the world’s leading companies in the field of
   customized engines for mission-critical defense and civil applications, is
   consistently pursuing its international growth strategy by opening a new
   location in Dubai. This step strengthens the company's presence in the
   Middle East and lays the foundation for selling several thousand engines
   in the region over the coming years.

   The Middle East plays a central role in Steyr Motors' international
   expansion. The region is investing heavily in infrastructure, security
   technologies, and maritime applications – all areas in which Steyr engines
   are well-established. The Middle East is a dynamic growth market and a
   geostrategic hub connecting Europe, Asia, and Africa. With a local
   presence, Steyr Motors can ensure both proximity to customers and a rapid
   market response. Due to the strong demand for powerful and reliable
   propulsion solutions in sectors such as marine, defense, and special
   vehicles, the Dubai location offers considerable sales potential.

   Ian Norton will take over as head of the Dubai site. A renowned industry
   expert, Norton was most recently the CEO of Streit Group, a leading
   provider of armored vehicle solutions. Prior to that, he held senior
   positions at global engine manufacturer Cummins for many years.

   “Our new location in Dubai is laying the foundation for sustainable growth
   in one of the world's most strategically important regions. We are
   delighted to welcome Ian Norton, a highly qualified manager with extensive
   international experience and in-depth market knowledge, to our team,” says
   Julian Cassutti, CEO of Steyr Motors.

   This new location marks another milestone in Steyr Motors' global
   strategy: the aim is to access new markets, strengthen customer proximity,
   and meet long-term demand for innovative engine solutions.

   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 above 20%, and a
   production volume of at least 1,250 units.

   For more information, please contact:

   Steyr Motors AG
   Investor Relations
   Phone: +436766222367
   E-mail: [2]ir@steyr-motors.com
   [3]www.steyr-motors.com

   Press Contact in Germany, Austria, Switzerland
   CROSS ALLIANCE communication GmbH
   Susan Hoffmeister
   Phone: +49 89 125 09 0333
   E-mail: [4]sh@crossalliance.de
   [5]www.crossalliance.de

   Press Contact in France
   CLAI
   Matthieu Meunier
   Phone: +33 06 26 59 49 05
   E-mail: [6]matthieu.meunier@clai2.com

   Press Contact in UK
   14:46 Consulting
   Tom Sutton
   Phone: +44 7796 474940
   E-mail: [7]tsutton@1446.co.uk

   ══════════════════════════════════════════════════════════════════════════

   03.09.2025 CET/CEST This Corporate News was distributed by EQS Group.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     Steyr Motors AG
                Im Stadtgut B1
                4407 Steyr
                Austria
   Phone:       +43 7252 2220
   E-mail:      office@steyr-motors.com
   Internet:    https://www.steyr-motors.com/de/
   ISIN:        AT0000A3FW25
   WKN:         A40TC4
   Listed:      Regulated Unofficial Market in Frankfurt (Scale); Vienna
                Stock Exchange (Vienna MTF)
   EQS News ID: 2192038


    
   End of News EQS News Service


   2192038  03.09.2025 CET/CEST

   https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2192038&application_name=news&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf

References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=edfe12ea0f250a373d25c6bb59bc8188&application_id=2192038&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
   2. mailto:ir@steyr-motors.com
   3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=fa43d7aab0cc6b5f3e5a9bd745396480&application_id=2192038&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
   4. mailto:sh@crossalliance.de
   5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=a9f6782523c75b88380cf9d9c4273e43&application_id=2192038&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
   6. mailto:matthieu.meunier@clai2.com
   7. mailto:tsutton@1446.co.uk

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT |

print