History​​​​​​​​​​​​


The history of Engineering Center Steyr


In 1864 everything started and until now, we are writing history. Read more about the milestones of the Engineering Center Steyr.


1864

Josef und Franz Werndl&Comp. Waffenfabrik und Sägemühle (Arms Factory and Sawmill) is established in Oberletten near Steyr, Upper Austria.


1926

In accordance with the resolution at the 1925 annual general meeting, Josef und Franz Werndl&Comp. Waffenfabrik und Sägemühle (Arms Factory and Sawmill) is renamed STEYR-WERKE AG and entered in the Vienna register of companies.


1928

May 21: Puchwerke AG shareholders' meeting approves merger with Österreichische Daimler-Motoren AG.

December 28: The new company, Austro Daimler Puchwerke Aktiengesellschaft, is entered in the Vienna register of companies.


1935

After the approval at Steyr-Werke AG shareholders' meeting to merge with Austro Daimler Puchwerke Aktiengesellschaft, the new Steyr-Daimler-Puch AG is entered in the Vienna register of companies.


1957

Frank Stronach founds the company Multimatic.


1969

Multimatic merges with Magna Electronics.


1973

Magna Electronics Corporation Limited changes it name to Magna International Inc.

Magna opens its first headquarter in Toronto, Canada.


1983

Founding of "Steyr Motorentechnik GmbH"


1995

Founding of "Engineering Center Steyr GmbH & Co KG"


1998

In 1998 MAGNA International Inc. acquires a majority holding in Steyr-Daimler-Puch AG. From 1996 to 1998, Magna undergoes a major European expansion, acquiring a number of European-based automotive system suppliers.


2004

MAGNA STEYR's business unit Powertrain is hived off into the independent Magna Group Magna Drivetrain, which focuses on the development and production of drivetrain technologies and all-wheel-drive systems.


2005

Founding of Magna Powertrain following the merger of Magna Drivetrain, Tesma International and the Engineering Center Steyr.


2015

Magna divests its interior business and acquires GETRAG Group of Companies, one of the world’s leading independent suppliers of automotive transmissions