Nimbus Acquires Florida's EdgeWater Powerboats
Swedish boatbuilder Nimbus has acquired Florida-based manufacturer Edgewater Powerboats.
The move will provide significant backing as Nimbus expands deeper into the North American market. The Gothenburg-based company has been in operation since 1968 and have actively been expanding capabilities in recent years.
In February, the company announced an extension of their partnership with fellow Swedish marine company OXE Marine to test OXE's innovative 450 horsepower diesel-electric hybrid outboard. The new powerplant will be tested on the Nimbus T9, a 30'6" (9.35m) centre console.
”Nimbus Group has a clear growth strategy where expansion in the important North American market comprise one of the cornerstones. The acquisition of EdgeWater adds a strong and successful brand to our House of Brands. The market for powerboats in the US is the single largest in the world and to support Nimbus Group’s expansion in the US and increases our presence in the North American market EdgeWater Power Boats adds an important experienced local organization and production capacity in the U," said Jan-Erik Lindström, President and CEO of Nimbus Group, in a press release.
Edgewater Powerboats began in 1992 in Edgewater, Florida, with a longstanding reputation for building integrally stable hulls for offshore applications. The company uses a Single-Piece-Infusion (SPI) manufacturing process unique to the industry. Edgewater currently offers 15 models ranging from 15-37 feet that includes three ranges of runabouts, crossover centre consoles, and offshore fishing centre consoles.
Nimbus Group consists of seven brand offerings covering nearly 70 models. Their portfolio includes the likes of Alukin, Aquador, Bella, Flipper, Falcon, and Paragon. The company currently owns nine manufacturing facilities across Sweden, Poland, and Finland.
“With this collaborative partnership, we will set a strong standard for boatbuilding,” says Jennifer Butera, President, and CEO of EdgeWater Power Boats. “Our companies share the same sensibilities geared towards providing sincere commitment to our customers and their families. The Nimbus Group is aimed at growth, and it seems limitless.”