OXE Marine

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.

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

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

• Diesel outboard engines
• Marine propulsion systems
• High-performance outboards
• Commercial marine engines
• Workboat propulsion

Headquarters

HQ city

Helsingborg

HQ country

Sweden

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. 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

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core 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

Named customers8 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• Tideman Boats BVcoreOEM/ Whitelabel/ Licensing Partner · 25 June 2026Dutch 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/ Whitelabel/ Licensing Partner · 4 June 2026OEM 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

Direct 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

• Xx.com/OXEMARINE
• YouTubeyoutube.com/channel/UCCFRRgfKB9G8boZxmpQfPQg
• Facebookfacebook.com/OXE-Marine-AB-110527283828271
• LinkedInse.linkedin.com/company/oxe-marine
• Instagraminstagram.com/oxemarine

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OXE Marine