Steyr Motors Successfully Enters Key Market in Poland – Framework Agreement Signed with Leading Distributor
- Market entry in Poland marks another important milestone in international expansion
- Framework agreement with one of Poland’s leading distributors
- Expansion into other key Eastern European markets
Steyr, Austria, 5 August 2025 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civil applications, has reached another important milestone in its international expansion strategy by successfully entering the Polish market. By concluding a long-term framework agreement with Taurus Sea Power sp. z o.o., a well-established distributor of marine engines, Steyr Motors is simultaneously launching its expansion into other key Eastern European markets, including Estonia, Latvia and Lithuania.
The contract began upon its conclusion in July 2025 and covers exclusive cooperation in sales, spare parts, and services for Steyr Motors marine engines. The goal is to systematically develop the market in Poland and neighboring Eastern European countries. Poland has the highest defense spending in Europe as a percentage of its gross domestic product (GDP) (2024: 4.2%), followed by Estonia (3.4%). Poland plays a central role in EU and NATO security policy. Thus, the Eastern European markets offer Steyr Motors considerable growth potential, with high demand in both the civil and military segments.
A key element of the partnership is training service technicians. In the future, Taurus Sea Power will have certified SMO technicians to ensure consistently high quality after-sales service. Taurus Sea Power has decades of experience selling marine engines and serves a wide range of customers, from recreational and sports boat owners to yacht owners. This new partnership strengthens Steyr Motors’ presence in a fast-growing, highly relevant market.
“Entering the Polish market is a milestone for our international growth strategy. It is also a significant step toward geographical diversification within our core European market,” says Julian Cassutti, CEO of Steyr Motors.
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: ir@steyr-motors.com
www.steyr-motors.com
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