OXE Marine
OXE Marine designs, manufactures, and sells high-performance diesel outboard engines (150-300HP) using a patented belt-driven transmission, serving commercial marine operators, government/military agencies, and high-end leisure customers globally through dealers, OEM boat-builder partnerships, and direct enterprise sales.
- Company typePublic
- Founded2012
- HeadquartersHelsingborg, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What OXE Marine does
OXE Marine AB (publ) is a Swedish manufacturer of high-performance diesel outboard engines, founded in 2012 in Ängelholm and listed on Nasdaq First North Growth Market (ticker: OXE) since 2017. The company designs and builds the only commercially available diesel outboard range spanning 150-300HP (OXE150 through OXE300, plus the OXE300 JET-TECH water-jet variant and the OXE450 Hybrid concept), serving commercial marine operators (fishing, offshore renewables, pilot services), government and military customers, and high-end leisure users. Its go-to-market combines a global distributor/dealer network (with regional sales managers in Europe, Americas, and Asia-Pacific), direct enterprise sales for configured quotes, and OEM embedding partnerships with boat builders such as Damen Compact Crafts and Tideman Boats.
The company's core technical differentiator is a patented belt-driven transmission system that mates automotive-grade diesel engines to marine lower units, delivering 945 Nm of peak torque at the propeller (about 50% more than equivalent gasoline outboards), 180A alternator output, and 30-46% lower fuel consumption than gasoline alternatives. Supporting the engines is a proprietary rigging and accessories ecosystem: OXE Controls (electronic shift/throttle via CANbus), OXE Displays (NMEA 2000 touchscreen monitoring), Black Box Rigging Kits, OXE Marine Control (Dometic jack plates), Steering Solutions (hydraulic/electronic/joystick), and OXE Connect (4G/Wi-Fi/Ethernet telematics for live engine data, diagnostics, and location tracking). Compliance with EPA Tier III, IMO Tier II, RCD, CCS, CARB, and EIAPP regulations, plus NATO single-fuel-policy and HVO100/B7 biofuel compatibility, positions OXE as the regulatory default in its niche.
OXE generates revenue primarily through hardware sales of engines, accessories, and spare parts to dealers, OEMs, and end customers on a quote-based, multi-year contract cadence with no public list pricing. Operations span manufacturing/assembly in Sweden, the United States (Albany, NY), and Poland (Tczew via PanLink AB), with a sales office in Singapore. Recent disclosed financials include Q1 2026 net turnover of 17,416 TSEK at a 34% gross margin and a 273 MSEK market capitalization as of June 2026; the company headcount sits in the 11-50 range. Strategic momentum in 2025-2026 has come from a board appointment of Jan Pie (former ASD Europe Secretary General), an OEM agreement with Damen Compact Crafts, and a Dutch Government Caribbean Support Craft win via Tideman Boats—all pointing toward accelerated international and defense-sector expansion.
OXE Marine firmographics
Firmographics- Name
- OXE Marine
- Legal name
- OXE Marine AB (publ)
- Website
- https://oxemarine.com
- Company type
- Public
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- OXE Marine designs, manufactures, and sells high-performance diesel outboard engines (150-300HP) using a patented belt-driven transmission, serving commercial marine operators, government/military agencies, and high-end leisure customers globally through dealers, OEM boat-builder partnerships, and direct enterprise sales.
- Ownership category
- akta.pro rank
OXE Marine industry classification
Industry- Product category
- Marine Diesel Outboard Engines
- NAICS
- Other Engine Equipment Manufacturing (333618), Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing (333612), Mechanical Power Transmission Equipment Manufacturing (333613)
- SIC
- Engines & Turbines (3510)
- akta.pro primary industry
- Marine Diesel & Dual-Fuel Engines (IMAJAHAA)
- akta.pro secondary industries
- Propulsion, Power & Energy Systems Design (Diesel, Hybrid, Electric, Alternative Fuels) (IMAJAGAE), Propulsion Drives, Gearboxes & Shaftlines (IMAJAHAD), Propellers & Waterjets (IMAJAHAE)
Keywords
Where OXE Marine is headquartered
LocationHeadquarters
- HQ city
- Helsingborg
- HQ country
- Sweden
- HQ region
- Europe
Offices4 records
Markets served
OXE Marine business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Diesel Outboard Engine Sales: Primary revenue from manufacturing and selling high-performance diesel outboard engines (OXE150 through OXE300) along with rigging accessories and spare parts.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom engine configuration with quote-based pricing |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
OXE Marine product offering
Product offeringCore offering
OXE Marine designs, manufactures, and sells high-performance diesel outboard engines ranging from 150HP to 300HP for commercial, governmental, and high-end recreational marine operators. The proprietary belt-driven diesel outboards feature patented transmission technology delivering inboard-level torque in an outboard form factor, with 30-46% lower fuel consumption than gasoline equivalents, compatibility with HVO100 and B7 biofuels, and a fleet telemetry platform (OXE Connect) for diagnostics and remote monitoring.
Product overview
OXE Marine is a Swedish company (headquartered in Sweden with US and Singapore operations) that manufactures high-performance diesel outboard engines. The product portfolio centers on the OXE Diesel engine series—patented belt-driven diesel outboards ranging from 150HP to 300HP—featuring unique durability, high torque, and fuel efficiency advantages over gasoline alternatives. The core engine family includes OXE300 (300HP bi-turbo), OXE300 JET-TECH (with water jet propulsion), OXE250 (250HP), OXE225 (225HP), and OXE200 (200HP inline-four), with earlier OXE150 (150HP) still in production. Supporting the engines is a comprehensive rigging and accessories ecosystem including OXE Connect (fleet telemetry), OXE Black Box Rigging Kits (installation packages), OXE Controls (electronic shift/throttle), OXE Displays (engine monitoring), OXE Marine Control (jack plates), Steering Solutions (hydraulic/electronic/joystick), Premium Oils & Coolants, Propellers, and Service Tools. The OXE450 Hybrid represents their next-generation concept combining electric and diesel power.
Differentiator
Problem solved
Functional benefit
Brands
- OXE Connect: Fleet management and monitoring system providing live engine data, diagnostics, and location tracking for OXE-powered vessels with 4G/Wi-Fi/Ethernet connectivity and remote diagnostics capabilities.
- OXE Marine Control
Products and services
- OXE150 150HP diesel outboard engine, the original product from OXE Marine targeting commercial marine operators requiring durability and fuel efficiency.
- OXE200 200HP inline-four cylinder diesel outboard delivering 415 Nm of torque at the crankshaft with up to 900 Nm at the propeller shaft through primary belt transmission.
- OXE225 225HP bi-turbo diesel outboard delivering 670 Nm of torque at the propeller at 2250 RPM with revolutionary bollard pulling power for commercial applications.
- OXE250 250HP bi-turbo diesel outboard delivering 755 Nm of torque at the propeller at 2250 RPM, applicable as both workhorse and high-speed solution.
- OXE300 300HP bi-turbo diesel outboard engine delivering 945 Nm of torque at the propeller shaft at 2250 RPM, featuring the largest alternator (180A) on any outboard and patented belt transmission technology.
- OXE300 JET-TECH 300HP diesel outboard with JET-TECH water jet propulsion system providing 1:1 power-to-propulsion ratio, eliminating propeller risk and enabling shallow water operation.
- OXE Connect Fleet management and telemetry platform providing live engine data, diagnostics, and location tracking for OXE-powered vessels via 4G/Wi-Fi/Ethernet connectivity with remote diagnostics capabilities and mobile app access.
Quantifiable outcome
- 30-46% less fuel consumption compared to gasoline outboard equivalents
- +9 more outcomes
Companies that use OXE Marine
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles4 records
OXE Marine technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature6 records
OXE Marine partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Tideman Boats BVcoreDutch manufacturer of high-speed HDPE workboats selected twin OXE engines for Dutch Government Caribbean Support Craft Programme. Strategic win for government sector penetration.
- Damen Compact CraftscoreOEM agreement signed for Damen to integrate OXE diesel outboards into their compact workboat designs. First vessel on display at SeaWork 2026. Damen is part of globally renowned Damen Shipyards Group, a major player in the workboat market.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
OXE Marine competitors and assessment
Company assessmentDirect peers
- Cox Marine: UK-based manufacturer of high-horsepower diesel outboard engines (V8 diesel outboards up to 300HP). Cox is the closest direct competitor to OXE Marine in the diesel outboard niche, serving commercial and government marine segments with similar performance-oriented positioning.
- Suzuki Marine: Outboard engine manufacturer offering gasoline outboards from 2.5HP to 350HP. While not diesel-focused, Suzuki competes directly for commercial and government fleet budgets and represents a key alternative technology choice in OXE's target segments.
- Honda Marine: Outboard engine manufacturer producing gasoline outboards up to 250HP. Honda's brand reliability and dealer network compete with OXE for commercial and high-end leisure customers, though Honda currently has no diesel outboard offering in OXE's HP range.
Broad incumbents
- Yamaha Outboards: World's largest outboard engine manufacturer with comprehensive gasoline product line spanning 2.5HP to 425HP. While predominantly gasoline, Yamaha's scale, global dealer network, and brand recognition represent the dominant competitive force in the broader outboard category where OXE competes.
- Mercury Marine: Major outboard engine manufacturer (Brunswick Corporation subsidiary) offering a broad range including the high-horsepower Verado lineup. Mercury's scale, OEM relationships, and dealer footprint represent significant competitive pressure on OXE's commercial and government customer base.
- Volvo Penta: Major manufacturer of marine diesel engines (primarily inboards and sterndrives) for commercial and leisure marine markets. While not an outboard specialist, Volvo Penta competes with OXE for commercial workboat propulsion budgets and offers diesel solutions with established OEM relationships.
- Caterpillar Marine Power: Major manufacturer of marine diesel engines for commercial and government vessels, typically larger inboard installations. Cat Marine competes for the same commercial and government procurement budgets as OXE, particularly in larger workboat applications where diesel is mandated.
- BRP Marine (Evinrude): BRP's marine division following the discontinuation of Evinrude outboards in 2020. While not a direct current competitor in OXE's niche, BRP's brand recognition and marine dealer infrastructure represent a competitive threat should they re-enter the diesel or high-horsepower outboard market.
Emerging players
- Torqeedo: Leading electric marine propulsion manufacturer (DEUTZ subsidiary) offering electric outboards and inboards. Torqeedo represents the alternative technology trajectory OXE may need to compete with as the marine industry decarbonizes, though currently at lower power ranges than OXE's diesel offerings.
- Fischer Panda: German manufacturer of marine diesel generators and electric/hybrid propulsion systems for commercial and recreational vessels. Fischer Panda's diesel expertise and hybrid propulsion focus overlap with OXE's technology positioning, particularly relevant as OXE develops the OXE450 Hybrid concept.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
OXE Marine social profiles
Digital presenceOXE Marine compliance and trust
Trust signalCompliance8 records
OXE Marine financial estimates
Financial estimateRevenue estimate
Valuation estimate
OXE Marine leadership team
Management profileNumber of profiles
Profiles8 records
OXE Marine funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OXE Marine M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OXE Marine
What does OXE Marine do?
OXE Marine designs, manufactures, and sells high-performance diesel outboard engines ranging from 150HP to 300HP for commercial, governmental, and high-end recreational marine operators. The proprietary belt-driven diesel outboards feature patented transmission technology delivering inboard-level torque in an outboard form factor, with 30-46% lower fuel consumption than gasoline equivalents, compatibility with HVO100 and B7 biofuels, and a fleet telemetry platform (OXE Connect) for diagnostics and remote monitoring.
Is OXE Marine a public or private company?
OXE Marine is a public company. It is classified as public and is currently operating.
When was OXE Marine founded?
OXE Marine was founded in 2012. It employs 11 to 50 people.
Where is OXE Marine based?
OXE Marine is headquartered in Helsingborg, Sweden, in the Europe region.
How does OXE Marine make money?
One revenue line is on record: diesel Outboard Engine Sales.
Who are OXE Marine's main competitors?
Direct peers on record are Cox Marine, Suzuki Marine and Honda Marine. Broad incumbents are Yamaha Outboards, Mercury Marine, Volvo Penta, Caterpillar Marine Power and BRP Marine (Evinrude). Emerging players are Torqeedo and Fischer Panda.
Does OXE Marine have an API?
No public API is recorded for OXE Marine.
What industry is OXE Marine in?
OXE Marine's product category is Marine Diesel Outboard Engines. Its primary akta.pro industry code is IMAJAHAA, Marine Diesel & Dual-Fuel Engines, with a secondary code of IMAJAGAE, Propulsion, Power & Energy Systems Design (Diesel, Hybrid, Electric, Alternative Fuels). Its NAICS code is 333618 and its SIC code is 3510.