Announced · Austria · Aerospace and defence
Red Cat to acquire Steyr Motors.
Red Cat Holdings, a Nasdaq-listed company based in Salt Lake City, Utah, announced on 19 October 2026 a voluntary public cash offer of EUR 39.00 per share for Steyr Motors, an engine maker in Steyr, Austria, whose engines are used mainly in military vehicles, boats and auxiliary power units. Steyr Motors signed a business combination agreement with Red Cat and its Vienna bidder vehicle SMOT Acquisition GmbH on 21 October 2026. It was announced on 19 October 2026 and had not been signed by 28 October 2026.
SigningDay 100
Announced 19 October 2026
- Buyer
- Red Cat Holdings, Inc. ·Salt Lake City, United States
- Target
- Steyr Motors AG ·Steyr, Austria
- Type
- Acquisition
- Announced
- 19 October 2026
- Value
- Not disclosed
- People
- Not stated in the release
- Last checked
- 28 October 2026
The people side in Austria
- Where the deal needs EU merger clearance, the buyer may not implement it before clearance. EU Merger Regulation (Council Regulation (EC) No 139/2004), article 7
- In an asset deal, staff move on their existing terms, and the transfer alone is no ground for dismissal. Acquired Rights Directive (Council Directive 2001/23/EC), articles 3 and 4
- In an asset or business transfer, seller and buyer each inform their staff representatives in good time of the date, reasons, implications and planned measures, and consult on those measures. Acquired Rights Directive (Council Directive 2001/23/EC), article 7
- Depending on the country, undertakings with 50 or more employees, or establishments with 20 or more, inform and consult employee representatives on decisions likely to change work organisation or contractual relations substantially. Information and Consultation Directive (Directive 2002/14/EC), articles 3 and 4
Sources
More deals into AustriaMore deals by buyers from the United StatesAerospace and defence dealsOctober 2026
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