Steyr Motors signs business combination agreement with Red Cat Holdings
RCAT•Steyr Motors signed a business combination agreement with Red Cat and its SMOT Acquisition subsidiary on October 21, 2026. The unchanged offer is EUR 39 per share in cash, with a 50% plus one share minimum acceptance threshold.
1. Agreement terms
Steyr Motors signed the agreement with Red Cat and its SMOT Acquisition subsidiary on October 21, 2026. The offer, first announced October 19, remains EUR 39 per share in cash and requires acceptance of at least 50% plus one share. B&C Holding Österreich committed its approximately 15% stake to the offer.
2. Operations and workforce
Red Cat committed to retain the registered office, manufacturing and research operations in Steyr for three years from settlement. For two years, commitments prohibit operational layoffs of technical employees and reductions in the remaining current workforce.
