# Red Cat Holdings to acquire Steyr Motors via tender offer

Steyr Motors AG entered into a business combination agreement with Red Cat Holdings and its subsidiary SMOT Acquisition GmbH for a voluntary public tender offer at EUR 39.00 per share, with a minimum acceptance threshold of 50% plus one share.

- Type: Acquisition
- Announced: 2026-10-21
- Where: Steyr, Austria, Austria
- Status: announced
- Products: diesel engines, marine engines, industrial engines
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Steyr Motors](https://endata.com/companies/90612.md) (target)
- [Red Cat Holdings, Inc.](https://endata.com/companies/94673.md) (acquirer)
- [SMOT Acquisition GmbH](https://endata.com/companies/94674.md) (acquirer)

## Sources

- [live.deutsche-boerse.com](https://live.deutsche-boerse.com/nachrichten/EQS-Adhoc-Steyr-Motors-AG-Conclusion-of-a-Business-Combination-Agreement-with-Red-Cat-Holdings-Inc-and-SMOT-Acquisition-GmbH-f1e4e66c-c8c0-4442-8876-df1d6e517e48), 2026-10-21: "The Management Board of Steyr Motors AG today entered into a business combination agreement with SMOT Acquisition GmbH and its parent company Red Cat Holdings, Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.