Steyr Motors Stock Jumps on Red Cat Tender Offer

By EC Assets · Published 19 October 2026

Steyr Motors shares gained significantly on Monday following a tender offer from Red Cat Holdings. The Austrian engine manufacturer's stock surged approximately 20%. This occurred after Red Cat Holdings announced a voluntary public purchase offer to acquire all outstanding shares of Steyr Motors. Steyr Motors AG's shares soared more than 20% in Tradegate pre-market trading. The surge is directly linked to the tender offer. Red Cat Holdings, a U.S. drone manufacturer, announced an all-cash acquisition offer of 39 euros per share. Despite the increase, the stock price remained below the offer price. Steyr Motors AG successfully listed in the Scale segment of the Frankfurt Stock Exchange on October 30, 2024. This listing marked the sixth exit in 2024 for Mutares SE & Co. KGaA, which had Steyr Motors as a portfolio company. Steyr Motors AG is recognized for customized engines in mission-critical defense and civil applications. In November 2025, Steyr Motors confirmed its medium-term growth targets. This was despite experiencing temporary order postponements. The company is a leading global provider in its field. Investors will monitor the progress of Red Cat Holdings' tender offer for Steyr Motors shares. The market will also watch for any further announcements regarding the acquisition. This article is intended for informational purposes only. It does not constitute investment advice.