Mutares has successfully divested its remaining 23% stake in Steyr Motors, achieving a substantial return on investment following a successful operational turnaround.

Information on the Target

Steyr Motors AG is a prominent player in the automotive industry, specializing in the production of innovative engine systems and vehicle solutions. Founded with a commitment to quality and performance, Steyr Motors has established itself as a reliable partner for various sectors, including military and commercial applications. The company is recognized for its advanced engineering capabilities and a strong focus on sustainability, positioning it well within the competitive automotive landscape.

Previously, Mutares SE & Co. KGaA held a 23% stake in Steyr Motors, which they acquired in the fourth quarter of 2022. Under Mutares' stewardship, the company underwent a significant operational turnaround that led to a revitalization of its market performance, including a return to revenue growth, profitability, and positive free cash flow.

Industry Overview in Austria

The Austrian automotive industry is characterized by its robust innovation and emphasis on advanced manufacturing techniques. The sector plays a critical role in the country’s economy, contributing significantly to exports an