Nimbus appoints interim CFO
Nimbus Group has appointed Christian Johansson as interim chief financial officer (CFO), effective 1 March. Throughout March, Johansson will...
Sweden’s marine sector
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...
Nimbus Group sales slide in Q3 2025
Sweden’s Nimbus Group has reported net sales of SEK 263m ($28.93m) for the third quarter of 2025, a decrease...
X Shore chief says firm remains ‘fully operational’ after production arm files for bankruptcy
The chief executive of Swedish all-electric boat manufacturer X Shore has insisted the boatbuilder remains “fully operational” after its...
Zparq secures €5.5m from EU to scale electric drivetrain
Zparq, a Swedish firm developing electric drivetrains, has secured €5.5m in EU funding to advance its Z10 platform. The...
Mercury partners with Swedish aluminium boatbuilder
Mercury Marine has signed an exclusive partnership agreement with Swedish aluminium boatbuilder Anytec, under which Mercury becomes the sole...
