Future Mobility Solutions plans $1.5 mln acquisition of Lancer Industries

Sun, 23 Jul 2017

By Sophie Boot July 24 (BusinessDesk) - Future Mobility Solutions, the company formerly known as SeaLegs, plans to buy Lancer Industries for $1.5 million in cash and shares as it attempts to become more competitive in the oil barge sector. Lancer has a range of own-branded products mainly used in marine commercial applications, with its oil recovery barge in use in over 70 countries and it is also an original equipment (OEM) manufacturer of inflatable fendering solutions, boats and other related products for the high-end retail, superyach...

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