Red Cat tender offer for Steyr Motors
US drone maker Red Cat agreed a business combination with Austrian military and special-vehicle engine maker Steyr Motors, backed by a voluntary public cash tender offer for all its Frankfurt and Vienna listed shares.
- Company
- Steyr Motors
- Type
- M&A
- Status
- Announced
- Date
- 21 Oct 2026
- Value
- €204.8m
- US$ equivalent
- US$238m
- Value basis
- €39.00 a share in cash for all 5,251,261 shares (about €205m)
- Region
- Austria
- Segment
- Land systems and propulsion
Parties
- Red Cat Holdings buyer
- Steyr Motors target
- B & C Holding Österreich largest shareholder (irrevocable undertaking)
Key terms
- Offer price
- €39.00 per share
- Shares
- 5,251,261 no-par bearer shares
- Acceptance period
- To 18 Dec 2026, extendable up to 16 weeks
- Support
- Irrevocable undertaking from B & C Holding Österreich, the largest shareholder
- Bidder
- SMOT Acquisition GmbH, a Red Cat subsidiary
Sources
- Red Cat Holdings Form 8-K: business combination agreement with Steyr Motors sec.gov · 23 Oct 2026
Record DEF-INV-2026-0035. Investments are kept apart from the financings register and never counted in debt totals.
