# Red Cat to Acquire Steyr Motors for 39 Euros

October 19, 2026 at 02:15 PM

> U.S. drone specialist Red Cat launches a voluntary takeover bid for Austrian engine maker Steyr Motors to expand its defense portfolio.

**Red Cat**, a U.S. drone specialist, has announced a voluntary public takeover offer for all shares of Austrian engine manufacturer **Steyr Motors**. The offer, made through subsidiary **SMOT Acquisition GmbH**, provides 39.00 euros per share in cash to shareholders.

The bid represents a 29 percent premium over Friday's closing price. SMOT Acquisition GmbH already secured a 15 percent stake from **B&C Holding Österreich**. CEO **Julian Cassutti** plans to tender his shares, while the deal requires a 50 percent plus one threshold.

Expected to close in early 2027, the deal expands Red Cat's defense portfolio. The company intends to maintain and grow Steyr Motors' Austrian production and R&D facilities, which specialize in high-performance engines for defense vehicles and marine boats.


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