Global law firm Freshfields is advising Red Cat Holdings Inc., a U.S.-based provider of advanced all-domain drone and robotic solutions for defence and national security, on its proposed voluntary public purchase offer to acquire all outstanding shares of Steyr Motors AG. The proposed transaction will be structured as a voluntary public purchase offer by a wholly owned subsidiary of Red Cat.

Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability.

The proposed transaction remains subject to customary conditions, including regulatory approvals and a minimum acceptance threshold. Following completion of the proposed transaction, Red Cat intends to maintain Steyr Motors’ headquarters, manufacturing operations and R&D presence in Austria.

The Freshfields team is led by Partner Ludwig Hartenau (Vienna) and further comprises Partner Arend von Riegen (Frankfurt), Principal Associate Martin Zankl as well as Associates Carolina Gerstacker and Linda Teichtmeister (all Corporate/M&A, Vienna). Counsel Lukas Pomaroli and Associate Marcel Neuhauser (both Vienna) are advising on foreign direct investment matters.

Advisor to Red Cat: Freshfields - Ludwig Hartenau (Partner, Vienna, lead), Arend von Riegen (Partner, Frankfurt), Martin Zankl (Principal Associate), Carolina Gerstacker, Linda Teichtmeister (both Associates, all Corporate/M&A, Vienna); Lukas Pomaroli (Counsel), Marcel Neuhauser (Associate, both FDI, Vienna)