Massimo Group to Acquire AI Tech Firm FST in $27M-$35M Mobility Deal

Massimo Group (NASDAQ: MAMO), a Texas-based manufacturer and distributor of powersports and electric vehicles including UTVs, ATVs, and e-bikes, has announced a strategic move to acquire FST Development Company Limited. This proposed acquisition, valued between $27 million and $35 million, would bring FST's expertise in intelligent hardware and AI-driven system-level solutions under Massimo's umbrella, positioning the combined entity at the exciting intersection of AI-enabled outdoor mobility and next-generation digital health robotics. The non-binding letter of intent outlines that consideration may be paid in Massimo common stock, cash, or a combination, subject to a six-month lock-up and post-acquisition performance milestones, with the parties now in a 60-day exclusivity period to finalize due diligence and negotiate definitive agreements targeted for late March 2026.

The announcement, distributed via the TechMediaWire platform—part of the expansive Dynamic Brand Portfolio @ IBN—signals Massimo's ambitious pivot from traditional vehicle manufacturing toward integrated, smart technology ecosystems. This news is available in the company’s dedicated newsroom, providing investors and industry watchers with crucial updates. For those seeking the full details, the complete press release offers deeper insights into this transformative deal. The strategic acquisition aims to merge Massimo's established market presence in durable, value-oriented vehicles with FST's cutting-edge AI and robotics capabilities, potentially creating a new category leader in tech-enhanced outdoor and health-focused mobility solutions.

This development represents a significant bet on the convergence of physical mobility products and intelligent software, a trend reshaping numerous industries. By leveraging FST's specialized technology, Massimo could redefine its product lines, offering smarter, more connected UTVs, ATVs, and electric utility vehicles while potentially branching into the burgeoning field of digital health robotics. The transaction's structure, including performance-based milestones, suggests a focus on long-term integration and value creation rather than a simple asset purchase. As the parties move through the exclusivity period toward a potential closing in 2026, this deal will be closely watched as a bellwether for how traditional manufacturers are adapting to the AI revolution, using platforms like TechMediaWire to communicate their vision to a broad audience of investors and consumers.