Nimbus Group
Nimbus Group AB is a Sweden-based, Nasdaq First North-listed manufacturer of leisure powerboats operating a multi-brand portfolio (Nimbus, Aquador, EdgeWater, Falcon, Flipper, Alukin, Paragon) sold through dealer networks across six countries, with a recent diversification into defense workboats via the Swedish Armed Forces MSMB 200 contract.
- Company typePublic
- Founded1968
- HeadquartersVästra Frölunda, Sweden
- Headcount1–10
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Nimbus Group does
Nimbus Group AB (publ) is a Sweden-headquartered (Västra Frölunda) public leisure powerboat manufacturer listed on Nasdaq First North Growth Market, operating since 1968 under the founding Nimbus brand and expanded through acquisitions of Bella-Veneet Oy, Alukin Boats Sweden AB (2018), Marine Store (2021), a Norwegian retailer (2022), and EdgeWater Power Boats (2023, $9.5 million). The Group runs a portfolio of seven boat brands — Nimbus, Aquador, Falcon, Flipper, Alukin, Paragon Yachts, and EdgeWater — plus the legacy Bella brand, producing vessels from compact dayboats to 15-metre flybridge and coupéc cruisers using fiberglass hulls, fully welded aluminum construction, and proprietary designs including twin-stepped hulls on the new Sport Tender 35.
Nimbus Group designs, manufactures, and markets its boats through a multi-brand dealer network (Återförsäljarnätverk) spanning Sweden, Finland, Poland, England, Norway, and the United States, with owned production in Finland, Poland, and Florida and group headquarters in Sweden. The company participates in major international boat shows (Boot Düsseldorf, Cannes Yachting Festival, Fort Lauderdale International Boat Show, VENE 26 Helsinki) as a primary marketing channel. Revenue is generated via one-time sales through dealers — FY2025 split between Commercial Sales (SEK 862 million) and Retail Sales (SEK 505 million) — and the Group is diversifying beyond leisure with the MSMB 200 aluminum workboat for the Swedish Armed Forces under a framework agreement valued up to SEK 400 million over 15 years.
The Group's customer base is predominantly end-consumer leisure boat owners ("conscious boat owners" seeking Scandinavian design, quality, and safety), supplemented by governmental/defense customers. FY2025 net sales totaled SEK 1,367 million with 307 employees, a 16% revenue decline YoY against weak North American demand that triggered a January 2026 restructuring consolidating Nimbus brand production to Europe and refocusing EdgeWater Florida on its single brand. Leadership transitioned in 2025-2026 with Christina Evans appointed Deputy CEO/CCO and Mikael Mårtensson appointed permanent CFO.
Nimbus Group firmographics
Firmographics- Name
- Nimbus Group
- Legal name
- Nimbus Group AB (publ)
- Website
- https://nimbusgroup.se
- Company type
- Public
- Founded year
- 1968
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Nimbus Group AB is a Sweden-based, Nasdaq First North-listed manufacturer of leisure powerboats operating a multi-brand portfolio (Nimbus, Aquador, EdgeWater, Falcon, Flipper, Alukin, Paragon) sold through dealer networks across six countries, with a recent diversification into defense workboats via the Swedish Armed Forces MSMB 200 contract.
- Ownership category
- akta.pro rank
Nimbus Group industry classification
Industry- Product category
- Leisure Powerboat Manufacturing
- NAICS
- Boat Building (336612), Ship and Boat Building (3366)
- akta.pro primary industry
- Motor Yacht Manufacturing (IMAJAEAB)
- akta.pro secondary industries
- Recreational Fishing & Sportfishing Boat Manufacturing (IMAJAEAH), Luxury Motor Yacht Manufacturing (IMAJAMAD)
Keywords
Where Nimbus Group is headquartered
LocationHeadquarters
- HQ city
- Västra Frölunda
- HQ country
- Sweden
- HQ region
- Europe
Offices4 records
Markets served
Nimbus Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Commercial Sales (B2B Dealer Sales): Sales of boats to dealers and distributors through the dealer network. In 2025, Commercial Sales amounted to SEK 862 million out of total sales of SEK 1,367 million.
- Retail Sales: Sales through dealer network to end consumers, including retail boat sales. In 2025, Retail Sales amounted to SEK 505 million.
- Government/Defense Contracts: Long-term defense contracts such as the MSMB 200 workboat order from Swedish Armed Forces worth approximately SEK 260 million, with potential total value of SEK 400 million over 15 years.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Premium powerboats under multiple brands |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Nimbus Group product offering
Product offeringCore offering
Nimbus Group designs, manufactures and markets leisure powerboats across a diversified brand portfolio of seven boat brands (Nimbus, Aquador, EdgeWater, Falcon, Flipper, Alukin, Paragon Yachts), producing vessels from compact dayboats to 15-metre luxury cruisers with Scandinavian design, aluminum and fiberglass construction. The company also develops specialized workboats for defense applications, such as the MSMB 200 for the Swedish Armed Forces. Products are sold through an international dealer network across Nordic, European and North American markets.
Product overview
Nimbus Group is a Sweden-based manufacturer of leisure powerboats offering a diversified portfolio of seven brands: Nimbus (flagship Scandinavian design), Aquador (Finnish family cruisers), Falcon (aluminum boats), Flipper, Alukin (aluminum specialist), Paragon Yachts, and EdgeWater (US premium powerboats acquired 2023). Products range from compact dayboats to 15-metre flagship models. The Group sells via dealer networks across Nordic, European, and North American markets. Recent product launches include the Sport Tender 35 series, Nimbus 495 Coupé, and MSMB 200 military workboat. The company also secured a SEK 400 million defense contract for workboats with Swedish Armed Forces.
Differentiator
Problem solved
Functional benefit
Products and services
- Sport Tender 35 Dayboat with twin-stepped hull, 35-foot, two multifunctional decks, sleeps five across two cabins, offered with Mercury V10 or twin V8 outboards. First model in the new Sport Cruiser 35 series.
- Nimbus 495 Fly Largest model in Nimbus fleet to date with flybridge design. Winner of European Powerboat of the Year 2025.
- EdgeWater 250 CC First new EdgeWater model released after Nimbus Group's 2023 acquisition. Focused on North American powerboat market.
- Nimbus 495 Coupé Coupé version of the Nimbus 495 flagship with panoramic glass roof, expanded galley, electronic awning system, and extra solar panels for extended anchor stays.
- Nimbus 12 Series (W12, T12, C12) Updated successor to the WTC 11 series, available in Weekender (W), Tender (T), and Coupé (C) versions with extensive design changes preserving award-winning Scandinavian design and seakeeping qualities.
- Falcon BRs6 and BRs7 Evolution of Falcon's best-selling aluminum boats with redesigned L-shaped aft benches and optimized storage. First Falcon models manufactured in Poland.
- MSMB 200 Workboat Military workboat developed for Swedish Armed Forces based on Alukin aluminum construction technology. 11.2 metres length, inboard engine, capacity for 2 crew and 8 passengers with equipment. Part of SEK 400 million framework agreement over 15 years.
Companies that use Nimbus Group
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles3 records
Nimbus Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Nimbus Group partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and regional.
- Vääksyn KonepistecoreAppointed as new dealer for Aquador brand boats in Finland. Full-service dealership offering new and used boats plus wide range of boat related services including winter storing.
- Svekon (Svensk Konstruktionstjänst)coreNimbus Group and Svekon jointly developed the MSMB 200 workboat for Swedish Armed Forces. Together they won the FMV procurement tender for the framework agreement covering development and manufacturing of smaller workboats.
- FMV (Swedish Defence Materiel Administration)coreFMV is the Swedish government agency responsible for defense materiel procurement. Awarded Nimbus Group and Svekon the MSMB 200 workboat contract worth up to SEK 400 million over 15 years.
- Pride Marine GroupregionalCanadian dealer for Nimbus and Alukin brands entering the Canadian market.
- AsiamarineregionalAsian market partner for Nimbus brand expansion into Asian markets.
- Burevestnik Group LLCregionalRussian market partner for Bella Boats' brands.
- Axopar BoatsregionalReseller agreement renewed, exploring possibilities to deepen collaboration.
Scale indicators10 records
Recent moves7 records
Expansion highlights5 records
Nimbus Group competitors and assessment
Company assessmentDirect peers
- Axopar Boats: Finnish premium sport-dayboat manufacturer with modular aluminum/fiberglass boats in the 20-40 foot range. Directly competes with Nimbus's Weekender/Tender/Sport Cruiser lines at similar price points and customer demographic. Already a Nimbus partner/reseller, indicating tight competitive overlap.
- Bella Boats: Finnish recreational boat manufacturer and former Nimbus Group subsidiary brand. Produces fiberglass dayboats and family cruisers in similar size and price bracket as Aquador and Flipper. Recently separated from Nimbus Group while sharing historical Finnish production heritage.
Broad incumbents
- Princess Yachts: British luxury motor yacht manufacturer producing flybridge and sport yachts in 13-25+ metre range. Overlaps with Nimbus Group's premium motor yacht and Paragon Yachts segments, serving similar HNW clientele across European and international markets.
- Sunseeker International: UK-based luxury motor yacht builder with extensive range from 38ft sport cruisers to 130ft+ superyachts. Comparable to Nimbus flagship and Paragon segments in design language, premium positioning, and European dealer distribution.
- Ferretti Group: Italian luxury yacht group (Ferretti, Riva, Pershing, Custom Line brands) listed on Hong Kong Stock Exchange. Comparable multi-brand strategy across premium motor yacht segments; much larger scale but operates in same HNW leisure marine category as Nimbus Group.
- Azimut Benetti Group: World's largest privately-owned luxury yacht builder with Azimut and Benetti brands across motor yacht and superyacht segments. Direct portfolio comparison to Nimbus/Paragon Yachts positioning in European premium motor yacht market.
- Beneteau Group: French publicly-listed boat manufacturing conglomerate (Beneteau, Jeanneau, Lagoon, Four Winns, etc.). Much larger scale than Nimbus Group but operates overlapping brands in European dayboat, cruiser, and aluminum fishing segments with global dealer distribution.
- Brunswick Corporation: US marine conglomerate owning Boston Whaler, Sea Ray, Bayliner, Lund, and Mercury Marine. Provides scaled benchmark for boat manufacturing economics and competitive context, though operates exclusively in North American market.
Regional players
- Boston Whaler: US-based unsinkable boat manufacturer owned by Brunswick Corporation, producing recreational and offshore boats 13-42 feet. Comparable to EdgeWater and Falcon segments in North American recreational boat market, though not directly competing in European/Nordic geographies.
- Ranger Boats: US aluminum fishing boat manufacturer owned by Bass Pro Shops, producing bass boats and aluminum fishing platforms. Comparable construction approach and target use case to Falcon brand, though focused exclusively on the North American fishing market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Nimbus Group social profiles
Digital presenceNimbus Group compliance and trust
Trust signalCompliance1 record
Nimbus Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nimbus Group leadership team
Management profileNumber of profiles
Profiles11 records
Nimbus Group subsidiaries and ownership
Company hierarchySubsidiaries5 records
Nimbus Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nimbus Group M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nimbus Group
What does Nimbus Group do?
Nimbus Group designs, manufactures and markets leisure powerboats across a diversified brand portfolio of seven boat brands (Nimbus, Aquador, EdgeWater, Falcon, Flipper, Alukin, Paragon Yachts), producing vessels from compact dayboats to 15-metre luxury cruisers with Scandinavian design, aluminum and fiberglass construction. The company also develops specialized workboats for defense applications, such as the MSMB 200 for the Swedish Armed Forces. Products are sold through an international dealer network across Nordic, European and North American markets.
Is Nimbus Group a public or private company?
Nimbus Group is a public company. It is classified as public and is currently operating.
When was Nimbus Group founded?
Nimbus Group was founded in 1968. It employs 1 to 10 people.
Where is Nimbus Group based?
Nimbus Group is headquartered in Västra Frölunda, Sweden, in the Europe region.
How does Nimbus Group make money?
Three revenue lines are on record. Commercial Sales (B2B Dealer Sales) is the primary driver. The others are retail Sales and government/Defense Contracts.
Who are Nimbus Group's main competitors?
Direct peers on record are Axopar Boats and Bella Boats. Broad incumbents are Princess Yachts, Sunseeker International, Ferretti Group, Azimut Benetti Group, Beneteau Group and Brunswick Corporation. Regional players are Boston Whaler and Ranger Boats.
Does Nimbus Group have an API?
No public API is recorded for Nimbus Group.
What industry is Nimbus Group in?
Nimbus Group's product category is Leisure Powerboat Manufacturing. Its primary akta.pro industry code is IMAJAEAB, Motor Yacht Manufacturing, with a secondary code of IMAJAEAH, Recreational Fishing & Sportfishing Boat Manufacturing. Its NAICS code is 336612.