Massimo Group to acquire FST Development for $38-$50 million.
ByAinvest
Tuesday, Feb 3, 2026 5:10 am ET1min read
MAMO--
Massimo Group, a US manufacturer and distributor of powersports vehicles and electric mobility solutions, has entered into a non-binding Letter of Intent to acquire FST Development Company Limited, a technology firm specializing in AI-driven solutions for intelligent hardware and outdoor mobility. The deal values FST at $38-$50 million and positions Massimo at the intersection of growing AI-enabled outdoor mobility and digital health robotics trends.
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