From Pulse 2.0 · Amit Chowdhry · · 1m
Red Cat Acquires Steyr Motors
Red Cat offers €39 per share to buy Austrian engine maker Steyr Motors for autonomous maritime growth.
In brief
Red Cat offers €39 per share to buy Austrian engine maker Steyr Motors for autonomous maritime growth. Red Cat Holdings proposed a €39 per share cash acquisition of Steyr Motors AG to boost autonomous maritime capabilities. Originally reported by Pulse 2.0.
Red Cat Proposes Steyr Acquisition
Red Cat Holdings announced a voluntary public purchase offer to acquire all outstanding shares of Steyr Motors AG for €39 per share in cash.
Steyr's Anchor Shareholder Supports Deal
Steyr Motors' anchor shareholder, B&C Holding Österreich, has entered into an irrevocable undertaking to tender its approximately 15% stake into the offer.
Steyr's Engine Technology
Steyr Motors develops high-performance customized engines for military vehicles, boats, locomotives, and auxiliary power units for tanks.
Red Cat's Strategic Rationale
Red Cat views Steyr Motors' marine engine technology and European operations as complementary to its Blue Ops uncrewed surface vessel strategy.
Transaction Details
The €39 offer is a 28.9% premium to Steyr's October 16, 2026 closing price and a 55.8% premium to its 52-week low.
Here's the gist
Red Cat Holdings proposed a €39 per share cash acquisition of Steyr Motors AG to boost autonomous maritime capabilities.
