Future Mobility Solutions buys US boat-maker Willard Marine for US$6.85M

Tue, 26 Sep 2017

By Paul McBeth Sept. 27 (BusinessDesk) - Future Mobility Solutions, the company formerly known as Sealegs International, has agreed to buy US boat-maker Willard Marine for US$6.85 million. The Auckland-based company has signed a conditional agreement to buy Willard, paying US$1.65 million in cash upfront and two further payments of US$2.6 million in each of the following two years, it said in a statement. The deal will be funded from internal resources and debt, and is subject to shareholder approval and is expected to be completed befor...

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