Nimbus Group

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.

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

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

• Leisure powerboats
• Motorboat manufacturing
• Scandinavian boat design
• Aluminum boat construction
• Boat dealer network

Headquarters

HQ city

Västra Frölunda

HQ country

Sweden

HQ region

Europe

Offices4 records

Markets served

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

1. 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.
2. Retail Sales: Sales through dealer network to end consumers, including retail boat sales. In 2025, Retail Sales amounted to SEK 505 million.
3. 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

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core 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.

Named customers1 record

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and regional.

• Vääksyn KonepistecoreChannel Partner/ Reseller/ Distributor · 26 January 2026Appointed 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)coreStrategic or Co-development Partner · 1 September 2024Nimbus 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)coreOthers · 1 September 2024FMV 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 GroupregionalChannel Partner/ Reseller/ DistributorCanadian dealer for Nimbus and Alukin brands entering the Canadian market.
• AsiamarineregionalChannel Partner/ Reseller/ DistributorAsian market partner for Nimbus brand expansion into Asian markets.
• Burevestnik Group LLCregionalChannel Partner/ Reseller/ DistributorRussian market partner for Bella Boats' brands.
• Axopar BoatsregionalChannel Partner/ Reseller/ DistributorReseller agreement renewed, exploring possibilities to deepen collaboration.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct 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

• LinkedInlinkedin.com/company/nimbus-boats-ab

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Nimbus Group