RoboticsReutersabout 2 hours ago
Red Cat Acquires Steyr Motors for $230 Million
2 min read
Red Cat Holdings announced plans to acquire Austrian engine manufacturer Steyr Motors in a deal valued at about EUR204.8 million or $230 million. The drone maker's shares climbed 6.9% following the news on Monday, Oct 19, as investors reacted to the expansion of its engine portfolio.
Level
Hype check
Tap to vote and see what everyone thinks.
