X Shore ‘back and fully operational’ with new ownership
Swedish electric boatbuilder X Shore has secured new ownership, with the firm once again fully operational after its bankruptcy....
Sweden’s marine sector
Keep an eye on the marine trade news in Sweden – including manufacturers, distributors, boat builders and more.
Candela CEO steps down, replacement named
Swedish electric vessel manufacturer Candela Technology AB has outlined a leadership transition, with founder and CEO Gustav Hasselskog stepping...
Candela raises €30m to build new factory as production increases
Electric vessel manufacturer Candela has raised €30m in a funding round to expand its production capacity, including the construction...
New Swedish builder to enter electric personal watercraft production
Swedish electric watercraft manufacturer Roxen Innovations will begin serial production of its electric personal watercrafts in April 2026, marking...
Nimbus appoints interim CFO
Nimbus Group has appointed Christian Johansson as interim chief financial officer (CFO), effective 1 March. Throughout March, Johansson will...
Nimbus FY2025 results: Losses widen amid weak demand in North America
Swedish leisure motorboat manufacturer Nimbus Group reported lower sales and earnings for the fourth quarter and full year 2025,...
‘I am truly sorry’: X Shore founder comments as firm files for bankruptcy
Swedish electric boat manufacturer X Shore AB has filed for bankruptcy, in a move that takes effect today (29...
Change in leadership at GMBA as Veda Pretorius steps down
Veda Pretorius is stepping down after three years as chair of Global Marine Business Advisors (GMBA), a network of...
Nimbus Group restructures commercial leadership team
Swedish leisure motorboat manufacturer Nimbus Group continues to make changes to its management structure, which includes consolidating commercial leadership,...
Nimbus Group CFO leaves company
Swedish leisure motorboat manufacturer Nimbus Group has confirmed that its chief financial officer Rasmus Alvemyr plans to leave the company...
Digital shift reaches the workshop as Verendus launches mobile tool for boat mechanics
When it comes to digitalisation, the sales side of the boatbuilding industry has often outpaced the workshop. Swedish software...
