SMOT Acquisition GmbH Offers EUR 39.00 per Share for Steyr Motors AG

SMOT Acquisition GmbH, a subsidiary of Red Cat Holdings, Inc., has announced a voluntary public tender offer for shares in Steyr Motors AG. The offer price is set at EUR 39.00 per share, marking a significant premium over recent trading values. Completion is anticipated in the first half of 2027, contingent upon certain conditions including regulatory approvals and a minimum acceptance threshold.

The offer follows a strategic transformation for Steyr since 2022. This year, Steyr broadened its shareholder base after listing on the Frankfurt Stock Exchange. The proposed acquisition by Red Cat aims to support Steyr’s development and integration into Red Cat's expanding unmanned systems platform.

Red Cat plans to maintain Steyr’s Austrian base, safeguarding jobs and focusing on expansion in Europe. CEO Jeff Thompson highlighted the strength of Steyr's engineering talent and customer relationships as key assets.