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.
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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
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03.09.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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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
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References
~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. 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. 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. matthieu.meunier@clai2.com
7. tsutton@1446.co.uk
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